Name _______________________________

ALL ABOUT BUSINESS PLANS

Students answers may vary!

1. What Is A Business Plan?

• a blueprint of the company
• the vision for the company
• a document to obtain working capital
• a tool for planning measuring and improving performance

2. Why Should You Create A Business Plan Before Starting A Business?

• helps you set realistic goals and make decisions
• forces you to take a critical look at your business project
• it will help you manage your business
• it communicates your ideas
• it describes how well you understand your business and your vision
• A road map of goals

3. What Should Be Included In The Business Plan?

• Introduction
• About the owners
• Business description
• The Market
• About products, services, and market
• Sales and marketing
• Management
• Financial information
• Future business development

4. Is There Only One Way To Create A Business Plan?

• No, there are many

5. Where Can One Get Help In Creating A Business Plan?

• The Small Business Administration
• Companies who will create one for a fee
• Software for purchase