business plan

20問 • 1年前

問題一覧

Written document describing all relevant internal and external elements and strategies for starting a new venture

business plan

The business plan should be prepared by the ___; however, he or she may consult with many other sources in its preparation

entrepreneur

Before committing time and energy to preparing a business plan, the entrepreneur should do a quick ____ study of the business concept to see whether there are any possible barriers to success

feasibility

One of the initial pieces of information needed by the entrepreneur is the __ for the product or service

market potential

7 most of the information needed can be obtained through direct contact with the appropriate source. The entrepreneur may need information on the following:

location manufacturing operations raw materials equipment labor skills space overhead

Before preparing the financial section of the business plan, the entrepreneur will need to prepare a budget that includes a list of all possible expenditures in the first year and a list of all revenue sources, including sales and any external available funds. (true or false)

true

The business plan could take hundreds of hours to prepare, depending on the experience and knowledge of the entrepreneur as well as the purpose it is intended to serve.

writing the business plan

Outline of a business plan

introductory page executive summary industry analysis description of venture production plan operations plan marketing plan organizational plan assessment of risk financial plan appendix

This is the title or cover page that provides a brief summary of the business plan’s contents.

introductory page

This section of the business plan is prepared after the total plan is written. About two to three pages in length, the ____ should stimulate the interest of the potential investor. This is a very important section of the business plan and should not be taken lightly by the entrepreneur since the investor uses the summary to determine if the entire business plan is worth reading. Thus, it should highlight in a concise and convincing man- ner the key points in the business plan.

executive summary

Assessment of external uncontrollable variables that may impact the business plan

environmental analysis

Reviews industry trends and competitive strategies

industry analysis

Provides complete overview of the product(s), service(s), and operations of a new venture

description of the venture

Details how the product(s) will be manufactured/manufacturing process

production plan

Describes market conditions and strategy related to how the product(s) and service(s) will be distributed, priced, and promoted

marketing plan

Describes form of ownership and lines of authority and responsibility of members of new venture

organizational plan

Identifies potential hazards and alternative strategies to meet business plan goals and objectives

assessment of risk

Projections of key financial data that determine economic feasibility and necessary financial investment commitment

financial plan

The ___ of the business plan generally contains any backup material that is not necessary in the text of the document.

appendix

The business plan is designed to guide the entrepreneur through the ___ year of operations.

first

Chap 1

Jake Matthew · 10問 · 1年前

Chap 1