Chapter 6 Flashcards
The sources & uses table is a part of the ___________ of the business
Offering section
When determine a cost structure for a business model, equipment lease payments would be an example of a ___________ cost
Fixed
The company description section of a business plan should include the company’s _________ if the business is already in resistance.
History
The most beneficial plan when facing significant change in the external environment is a
Comprehensive plan
In the Guy Kawasaki’s 10/20/30 rule for pitches, the numbers stand for:
Numbers of slides/ minutes/ font point size
The document that assists an entrepreneur and the management team in focusing on important issues and activities is
The Business plan
Business model
Is the made up of a revenue model, a cost structure, and key resource requirements
Items such as marketing research studies and the resumes of key executives are placed in the _________ of the business plan
Appendix
A business plan should generally project financial and operational aspects of the proposed business for the first
Three to five years
Orlando has just finished the section describing his quality control methods and the need for specific equipment. Orlando has written the _______
Operations and development plan
Quentin, a venture capitalist, is scanning Mildred’s business plan to see if and when he can recoup his investment and make profit. Quentin is looking for _______
An exit strategy
An entrepreneur should think of ways to ________ the resources necessary for startup
Minimize
In a business plan, the key statement in this financial plan is the
Cash flow statement
Jill is writing a business plan for a small home based operation. If well written, the business plan will assist her in determine if
The business aligns with the personal goal
Before beginning to write a business plan , the entrepreneur should complete
A feasibility analysis
Julie has decided to hire a consultant to review her business plan. Which suggestion is the most critical?
Have a legal contract that specifies exactly what will be done for what price.
The product/ service plan section should include
Description of the company’s own product or services
Two resources often in short supply for entrepreneurs are:
Time and money
Capital- constrained entrepreneurs cannot afford to do much prior analysis and research because
The limited profit potential and high uncertainty of the opportunity they purse may make the benefits low compared to the costs
Information about the experience of key executives should be placed in the ______ of the business plan
Management team section
