BUSINESS PLAN Flashcards
1
Q
It is defined as the blueprint of the business that the entrepreneur would like to start
A
BUSINESS PLAN
2
Q
Describe your ideas to investors. Serve as your guide for you as you start your business
A
BUSINESS PLAN
3
Q
To reduce, if not remove the risk of losing money in a poorly researched or unstudied business idea. Avoid costly mistakes Anticipate the financial requirements Organized the activities beforehand Assess actual performance against set goals Apply for financing from lending institutions
A
REASON WHY AN ENTREPRENEUR STILL NEEDS TO MAKE A BUSINESS PLAN
4
Q
6 Business Plan Outline
A
- Business Name and Logo
- Executive Summary
- Management and Organization
- Product Plan Purpose of the product
- Market Plan Marketing Strategies
- Financial Plan
5
Q
- It summarize the complete business plan
A
EXECUTIVE SUMMARY
6
Q
- Vision and Mission Statements and Goals and Objectives Organizational Chart
A
MANAGEMENT AND ORGANIZATION
7
Q
- Production service process
- Distribution logistics Regulatory and other compliance issues
A
PRODUCT PLAN PURPOSE of the PRODUCT
8
Q
- Pricing Policy Market Analysis Summary
A
MARKET PLAN MARKETING STRATEGIES
9
Q
- Budgetary Requirements for the Business
A
FINANCIAL PLAN
