Chapter 3 Entrepreneurship

Why do potential investors want to see a business plan?

The purpose of including supporting documents in a business plan is to

Mistakes to avoid when preparing a business plan include all of the following except

A brief explanation of why you are asking for a loan and the purpose for the request

Non profit association made up of retired business professionals who help small businesses

Organizations made up of professionals in a specific industry are called?

An entrepreneur's plan for extracting his or her money from a business after running properly

An independent agency of the government that was created to support small businesses

Writing a business plan....

What is one thing you should include in the description of your industry?

A financial statement based on projected revenues and expenses

A business plan is not intended for...

Which of the following organizations can provide assistance when writing a business plan?

What are local associations to promote and protect the interests of the buisness community?

The main body of a business plan includes which of the following

A business plan is important for all of the following reasons except

What are three elements of an introduction in a business plan?

Which of the following is not a true statement regarding risks

A document that describes the steps to open and operate a succesful business

What should you summarize in your concluding statement?

A title page includes....

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

What is a possible advantage you can have over your competition?

A short restatement of a report

Purposes of a business plan include which of the following?