Executive Summary
What is similar to an executive summary?
Elevator Pitch
What is a target audience?
A specific group of people targeted within the market that your products or services are aimed towards.
Give me a description of what the product and service is
Product: The item that your business is selling on the market.
Service: You should explain your service description which includes delivery, maintenance, installation, instruction, repairs, etc...
What is a Finacial Plan?
An overview of your business's financial goals, and the appropriate objectives to achieve them.
What should be included when listing personnel
Your personnel should explain the physical location, facilities, and equipment being used for your business/ service.
What is Another Name for an Executive Summary?
Cover Letter
What are the steps when defining a target audience?
- Know what products/ services you want to offer and why.
-What communities would benefit from these products the most?
- Where would your Ideal customer be from?
What is the purpose of the product and service section?
Your product and service description section should be able to explain your entire product and service on paper. This is important because you should be able to effectively explain what items you intend on selling on paper.
What should your financial plan focus on?
-Financial goals
-spending overview
-Estimated budget
- Financing
- Investments
What should be included when explaining business operations in detail?
-Objectives
-Goals
-Procedures
-Timeline
The Executive Summary briefly outlines the overall _____ of the program and the long-term goals?
A: Goal, Purpose, Vision, or desired outcome
What are the elements of Target audiences?
-Location
-Age
-Education Access
Social class
-Habits
What 5 aspects of products and services description should be focused on?
- Products/ services
- Intellectual property
-Pricing/ Sales
-Product Comparison
When starting a business is it smarter to use what you have or save for a goal
Ideally, It's smarter to create a plan with goals included for long-term progress.
Your personnel plan should explain in detail each position of your business. You should be able to explain each position and how much they make. Your plan should also include the number of staff needed, current staff, and team expectations
What are the 4 Elements of Executive Summary?
-What problem are you hoping to solve?
- What is your Solution?
-What are your funding requirements?
-What are your plans to create sustainable business/ program?
What are the most important concerns for a business/ programs customer basis?
- Sustainability
-Relevance
-Social Media
-Similar competitors
-Pricing
Give me an example of a product comparison
I want an example using an elevator pitch to explain the difference between your product and similar competitors
What is a great Accroym that is used to in the goal-making process? How can it be useful in creating a financial plan
S.M.A.R.T. Goals is a great way to track your progress. It's also a great way to track your budget while staying consistent with any goals or rules you've made.
What is the Ideal number of people needed to start and build a business?
One and it all starts with you. Ideally starting off you might not have a team but as your business grows you'll have the opportunity to delegate tasks and responsibilities to your team.
Give me an elevator pitch on why I should write an Executive summary. You should be able to convince me that it's important and also explain what it is and each part.
An executive summary is a breif summary of the key points.
You have the opportunity to create example of your target audience by Using the prompt presented:
Extra 200 points for anyone who writes it down and gives an elevator pitch to the class.
How would you write a proper product and service description?
Identify your target audience, what is the problem being solved? Then relate to your customer, and what benefits are associated with your product or service. What evidence do you have to accredit? Lastly be personal!
List three things that you could include in your own financial plan section.
Equipment, Materials, and transportation
If I gave you $1,000 dollars to start landscaping, could you describe who and what I would need? For this example think vaugely
N/A