$6-$Exercise $1$

A business plan is a detailed written statement that describes the nature of the business, the target market, the advantages the business will have over competition, and the resources and qualifications of the owner$($s$).$ A business plan forces potential small$-$business owners to be quite specific about the products or services they intend to offer. They must analyze the competition, calculate how much money they need to start, and cover other details of operation. A business plan is also mandatory for talking with bankers or other investors.

Match each part of a business plan with the appropriate person, based on the descriptions.

$1$

Capital required

$2$

Marketing plan

$3$

Location analysis

$4$

Executive summary.

$5$

Cover letter

$6$

Appendix

$7$

Financial plan

$8$

Company background

$9$

Manufacturing plan

$10$

Management team

Match each of the options above to the items below.

Artemio used this section of his business plan to detail his forecasted revenue over the first half$-$decade of operations, as well as the amount of funding already committed by investors.

$9$

Chipper used this' section of his business plan to provide additional information on the recipe Web business he has created. He included background industry information, marketing research, and data supporting the overall size of the market.

$8$

Gabriela used this section to indicate the total amount of funding she needs to continue operations in her design firm. It also includes an exciting new plan for how she plans to use these resources.

Prev

$1$ of $25$

Next