Entrepreneurship - Ch. 3 Review (Develop a Business Plan)

Which one is NOT a mistake made in business planning?

A financial statement that shows assets, liabilities, and owner's equity is called a(n)

The accounting equation is:

The Office of SBDC provides management assistance to current/prospective small business owners.

The U.S. Small Business Administration helps Americans start, build, and grow businesses.

A short restatement of the business plan that captures the interest of its readers.

Report that describes all the steps necessary for opening and operating a successful business.

An exit strategy or way an entrepreneur intends to extract his or her money from the business.

A letter that introduces and explains an accompanying document or set of documents is called a

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

Purposes of a business plan include:

Organizations made up of professionals in a specific industry are called

A financial statement that shows revenues and expenses is called a(n)