Entrepreneurship Ch. 2

Long-term in a business plan means what?

No business plan, no loan!

In the previous question, what would the payments be?

Section you identify potential risks and how much you need to borrow?

Monica has $13,000 invested in a business, it is worth $52,000, what is her % of ownership?

A written document that describes all the steps necessary to open and operate a business is?

Borrow 30 percent of the $250,000 you need, how much of your own funds are you investing?

Bank loan at $25,000 at a rate of 8% for 4 years.  Amount of Interest paid?

Banks are a terrible source of info for an entrepreneur who is preparing a business plan.

The introductory should be put together first in a business plan.