Purposes of Business Plan
True or False: A business plan explains the idea behind your business and your product or service will be produced and sold.
What is true.
A business plan helps you ______ your ideas and plans to others.
What is communicate?
The section with all of the supporting documents at the end of the business plan.
What is the appendix?
True or False: A business plan is only good for when you are starting up your business during the first year.
What is false.
A business plan makes you think about all _____ of your business.
What are aspects
What is "Market Analysis"?
Research on the target audience, market trends, and competitors.
Who is the business plan for? 3 answers
You the entrepreneur, the bank, investors.
A business plan may help you get a _______ for your business.
What is a loan or investment
The sections with all the numbers, sales projections, expenses.
What is financial section?
A business plan describes the background and experience of who? 2 answers
The entrepreneur and the leadership team of the business.
Businesses that develop a business plan are more likely to _______.
What is SUCCEED
What is the Executive Summary?
A concise overview of the business, its mission, goals, and what makes it unique.