A written document that describes all the steps necessary for opening and operating a successful business.
What is a business plan?
100
A financial statement based on projected revenues and expenses
What is a pro forma financial statement?
100
An independent agency of the federal government that was created to help Americans start, build, and grow businesses.
What is the Small Business Administration?
200
unrealistic financial projections, poor research, and ignored competition
What are mistakes in business planning?
200
A letter that introduces and explains an accompanying document or set of documents.
What is a cover letter?
200
Provides management assistance to current and prospective small business owners.
What is the Small Business Development Centers (SBDC)?
300
Documents that might be included are financial statements, licenses, resumes, and letters of recommendation
What is an appendix?
300
A brief explanation of why you are asking for a loan and what you plan to do with the money.
What is a statement of purpose?
300
Made up of more than 10,500 retired executives who volunteer their time to provide entrepreneurs with real world advice and know-how.
What is SCORE?
400
indicates the name of the company, the date, the owner of the company, the title of the owner, and the address and phone number of the company (an introductory element)
What is the title page?
400
Short restatement of the report
What is an executive summary?
400
Organizations made up of professionals in a specific industry