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Parts of a Business Plan
Characteristics of an Entrepreneur
Business Responsibilities
Key Concepts Chapter 4
Key Concepts Chapter 5
100
This discusses how a company makes its customers aware of its products and services
What is the marketing plan
100
Entrepreneurs set and achieve goals
What is goal-oriented
100
Offering a good, safe product or service at a reasonable price (e.g., FDA)
What is responsibility to customers
100
This is one of the biggest social issues that businesses face today.
What is environmental responsibility
100
This provides important information to lenders and/or investors.
What is a business plan
200
The description of the firm provides an outline of the business.
What is the company description
200
Conducting research and ask questions to solve problems.
What is inquisitive
200
Volunteerism is another way businesses tackle this
What is responsibility to employees
200
A set of guidelines for maintaining ethics in the workplace.
What is a code of ethics
200
Main reason most people become an entrepreneur
What is being your own boss
300
This part looks at the people who will run the firm as well as management's philosophy.
What is organizational plan
300
Have high expectations
What is self-demanding
300
Environmental responsibility falls under
What is responsibility to society
300
Moral principles that guide an individual
What are personal ethics
300
Feeling alone and insecure about making the right decisions
What is a challenge for an entrepreneur
400
This looks at likely risks to the business, such as lower-than-expected sales and emergencies that might affect it.
What is the contingency plan
400
Taking risks, but they are not reckless
What is risk-taking
400
Correctly keeping and reporting accounting records.
What is responsibility to creditors and owners
400
Protecting the quality and safety of the food and drugs in the marketplace is the mission of
Who is FDA (Food and Drug Administration)
400
99% of U.S. firms are
What are small businesses
500
This section indicates how the business has an advantage over its competitors.
What is the competitive analysis
500
Once the achieve their goals, they start looking for new challenges.
What is restless
500
The duty to do what is best for the good of society
What is social responsibility
500
This is an unethical business practice that is not necessarily illegal
What is a conflict of interest
500
A new business undertaking that involves risk
What is a venture