Chapter 3-Develop a Business Plan

The concluding statement of a BP should emphasize your commitment to the success of the business.

The title of the owner should be on the cover page.

All elements of the BP should be at least two pages.

Retired execs that volunteer with __ provide free confidential advice that helps entrepreneurs prepare their BP.

Medium term sales objectives cover a period of about __ years.

Common mistake by many entrepreneurs is to provide --- financial projections in their business plans

Cover letter for your BP briefly describe your business and its potential for success and tells how much __ you need.

The ___ briefly describes the reasons for the loan and plans for use of money.

A BP must provide detailed financial info showing how your business will succeed in earning a ___.

A __ is a written document describing all the necessary steps in starting a successful business.

The ---- section of a BP discusses hiring procedures.

The appendix should include any supporting documents that were not included in the main body.

Financial mgmt section of the BP should include a ___ which are statements based on projected revenues and expenses.

What is missing: cover letter, title page, table of contents, statement of purpose,___

____ are organizations promoting certain types of businesses and can be valuable sources of info in researching a BP.

A business plan may help you secure marketing for your business.

Your local _____ offers assistance and information about entrepreneurs.

The marketing section lists the strengths, weaknesses, opportunities, and threats of your business plan.

Contents of the executive summary should include:

The executive summary is should be at least 3 pages long.