What's It?
Elements of a Business Plan
Numbers
Risks
General Business
100
A written document that describes in detail a proposed venture...
What is a business plan
100
This section is where the "leadership" lives.
What is management?
100
This is the number of sections of the typical business plan.
What is 10?
100
What you must do in relation to risks in your business.
What is anticipate them?
100
This is how an idea is generated that leads to a business venture.
What is seeing a need?
200
These must be established for continuous and timely evaluation of progress
What are milestones?
200
This section tells of the best and optimal place to locate the business.
What is location?
200
The numbers of dollars needed to begin the business
What is start-up costs?
200
A risk when competitors charge less for the good or service.
What is price cutting?
200
Where you can get help and assistance for starting your business.
What is the Small Business Administration or What is your local Small Business Development Center?
300
You need this to get started, sometimes called investment.
What is capital?
300
This section is divided into two major parts: 1) research and analysis and 2) the marketing plan.
What is the marketing section?
300
This is what the business uses to show the financial position over a period of time.
What is a cash flow statement?
300
Risks have to be anticipated and _________.
What is controlled?
300
This is what needs to happen once the business plan is finished.
What is keep it up to date?
400
The Business Model
What is the source of the business plan?
400
A comprehensive account of the venture.
What is the business description?
400
This indicates the money you will have left if you don't have a good business plan and start anyway!
What is zero?
400
This is a risk that is when costs are greater than anticipated.
What is excess of estimates?
400
Measurable results for comparing forecasts with actual results
What are benchmarks?
500
A road map for the the would be entrepreneur.
What is a business plan?
500
This is always the first and always the last.
What is the Executive Summary
500
This is what is needed to keep the business running for a certain period of time.
What is cash flow?
500
These are things that are not going correctly over the entire industry.
What is unfavorable industry-wide trends?
500
These are the business's strengths and edge over the competition.
What are distinctive feature? What is a strategic competitive advantage?
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