Why a Business Plan Is Important

The part of the business plan that includes supporting documents that provide additional information and backs up statements made in the body of the report.

• Concluding Statement
• Executive Summary
• Appendix
• Introduction

A business plan is a written document that describes all the steps necessary for opening and operating a successful business.

• True
• False

This section of your business plan will summarize the goals and objectives you have for your business.

• Executive Summary
• Statement of Purpose
• Appendix
• Concluding Statement

This section of your business plan should describe the products and/or services you will offer,  the market, the industry, and your location

• Operations
• Marketing
• Statement of Purpose
• Appendix

This section of your business plan should describe the products and/or services you will offer,  the market, the industry, and your location

• Operations
• Marketing
• Statement of Purpose
• Appendix

This section of the business plan contains many important details about the proposed business idea.

• Cover Letter
• Executive Summary
• Introduction
• Statement of Purpose

This section of the business plan will help determine your financial needs.

• Financial Management
• Operations
• Marketing
• Introduction

This section of your business plan, will explain how the business will be managed on a day-to-day basis.

• Marketing
• Statement of Purpose
• Appendix
• Operations

The way an entrepreneur intends to extract his or her money from a business after it is operating successfully.

• Harvest Strategy
• Output Strategy
• Gathering Strategy
• Storing Strategy

A brief explanation of why you are asking for a loan and what you plan to do with the money.

• Executive Summary
• Financial Management
• Cover Letter
• Statement of Purpose