Business Plans

A business plan can predict exactly what will happen in the future.

• True

• False

A business plan should include information about marketing, finance and human resources.

• True

• False

Only new businesses should make a business plan.

• True

• False

Writing a business plan helps an entrepreneur to think carefully about different parts of the business.

• True

• False

The executive summary includes general information about a business.

• True

• False

Business plans may need to change if the costs of running the business have changed.

• True

• False

Only the entrepreneur can use the business plan for guidance.

• True

• False

A business plan should never be changed.

• True

• False

Business plans can be used for risk management by helping to predict

future problems.

• True

• False

A business plan is a __________ that includes a lot of ____________

about the ___________ plans of a business.

• document, details, future

• details, future, document

• future, document, details