Business Plan Basics
How many basic parts are in a business plan
10
This section gives a brief overview of the entire businss plan and is designed to capture the readers interest.
Executive Summary
These are the basic principles that govern a person's behavior and help determine right from wrong.
Ethics
This experienced person provides guidance, shares knowledge, and helps an entrepreneur navigate business challenges.
Mentor
This visual shows the structure of a company, including roles, responsibilities, and reporting relationships.
Organizatioal Chart
This document provides a detailed strategy for starting, managing, and growing a business
Business plan
This Section explains what the company does, its purpose, and what makes the business unique
Company Description
These are the principles that govern the actions and decisions of a business.
Business Ethics
This organiation provides free or low-cost mentoring and business assistance to entrepreneurs.
SCORE(Service Corps of Retired Excutives)
This is the framework that arranges lines of authority and communication and determines how duties are allocated within a business.
Organizational Structure
This part of a business plan identifies the business and appears at the very beginning of the document.
Cover page
This section examines the industry, target market, customers, and competition.
Market Analysis
Downloading and distributing a movie without the owner's permission is an example of this violation.
Copyright Infringement
Businesses talk directly with prospective customers primarily to learn this information.
Customer needs and preferences
Which organizational structure has multiple levels of management and clear chain of command?
Tall Organizational Structure
This part helps readers quickly locate the different sections of a business plan
Table of Contents
Investors are short on time and want the "big picture" before reading the entire business plan. Which section should they read first?
Executive Summary
This type of intellectual property protection protects a company's brand name, logo, or symbol.
Trademark
This local organization connects businesses, supports economic development, and provices networking opportunities.
Chamber of Commerce
Which organizational structure has fewer management levels and allows more diret communication between employees and leaders?
Flat Organizational Structure
Name five of the 10 basic parts of a business plan
Cover page, TOC, Executive Summary, Company Description, Products/Services offered, Market Analysis, Management/Organizational Plan, Marketing Plan financial Plan, Appendices.
An entrepreneur want to explan exactly what the business will sell to its customers. Which part of the business plan should contain that information?
Products and or Services offered
A company uses fair labor practice and donates some of its profits to local charities. What business concepts does this demonstrate?
Coporate Social Responsibility(CSR)
Government agencies establish and enforce regulations in areas such as fair competition, consumer protection, in this employee-related area
Workplace safety
Why is ethical decision-making important to the long-term success of a business?
It builds trust and supports long-term business success.