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

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

Organizations made up of professionals in a specific industry are called

The accounting equation is:

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

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

Purposes of a business plan include:

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

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

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

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

Which one is NOT a mistake made in business planning?

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

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