Week 3 - Starting A Small Media Business Flashcards
1
Q
What is a business plan?
A
It conveys your business goals, strategies, potential problems and solutions, the organisational structure of your business, and the amount of capital required to finance your venture
2
Q
What are the three primary parts to a business plan?
A
- Business Concept
- Marketplace Section
- Financial Section
3
Q
What are the seven key components of a business plan?
A
- Executive Summary
- Business Description
- Market Strategies
- Competitive Analysis
- Design and Development Plan
- Operations and Management Plan
- Financial Factors
4
Q
What is a Startup?
A
A person or business just starting out in the Media Industry
5
Q
What are the different types of business plans?
A
- The Miniplan
- The Working Plan
- The Presentation Plan
- The Electronic Plan
6
Q
What are the four main business structures commonly used by small businesses?
A
- Sole Trader
- Partnership
- Trust
- Company
