ch 10

Question 1

types of plans

Answer 1

business model canvas
the busn. brief
feasabiity study
pitch deck
the busn plan

Question 2

what is
A brief document outlining the company
overview.
* Give stakeholders an at-a-glance
understanding of the business

Answer 2

the bus, brief

Question 3

Focuses on the size of the market, the suppliers,
distributors, and so on.
– Identifies the essentials to make the business
work

Answer 3

feasibility study

Question 4

Traditional investors and bankers require a
traditional business plan

Answer 4

the busn, plan

Question 5

what are the questions to ask when planning

Answer 5

1. What is Your Business and How Does it Add
   Value? (Write a concept statement: A written
   representation of your vision.)
2. Who Is Your Customer?
3. How big is the market size?
4. How Will You Enter the Market?
5. What Do You Know About the Industry?
6. Who Is Your Competition? Why Are You Better
7. Who is On Your Team and What Do They Bring to the Table
8. What Are Your Financial Projections?

Question 6

tips for writing a plan

Answer 6

1. remove any fluff
2. Define Your Target Audience
3. Be Realistic
4. Focus on Your Competition
5. Avoid the Exaggerated Hockey Stick
6. Avoid Typos, Grammatical Mistakes, and
   Inconsistencies
7. Understand Your Distribution Channels
8. Be Honest About Your Weaknesses
9. Use Visuals