Business Plan

How long does a business plan generally projects?

• 3-5 Years

• 5-7

• 1-2

• 9-10

The __________________________ states, "The development of a comprehensive business plan shows whether or not a business has the potential to make a profit."

• Service Corps of Retired Executives (SCORE)

• Small Business Administration

• US Bureau of Labor

• Trade Association

1. Although clarifying direction in the business plan lets you know where you're starting, ________________________ allows you to have goals to reach for.

• Clarifies Direction

• Future Vision

• Attracts Financing

• Attracts Team Members

A business plan conveys the ___________________________ of your business, including titles of directors or officers and their individual duties.

• Operational Milestones

• Organizational Structure

• Management Tool

• Objectives and Goals

Graphics can make the business plan longer, ______________________________________.

• but they make the business plan less boring

• but they make banks interested in investing in your business

• but they add real value

• but they take up less pages

There are ___________________ primary parts to a business plan.

• Five

• Four

• Three

• Two

A ____________________________ describes the nature of your business and list the marketplace needs that you are trying to satisfy.

• Market Analysis

• Financial Reports

• Appendix

• Company Description

With the exception of the ______________________, all of the information in the executive summary should be covered in a concise fashion and kept to one page.

• Company Information

• Financial Information

• Mission Statement

• Growth Highlights

If you own an established business, you will be requested to supply ____________________ related to your company's performance.

• A Mission Statement

• Sales Forecast

• Prospective Financial Data

• Historical Data

Every business is structured ___________________.

• To make money

• As a Sole Proprietorship

• Differently

• The same