Save
Busy. Please wait.
Log in with Clever
or
show password
Forgot Password?
Don't have an account?  Sign up 
Sign up using Clever
or
Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account. Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't Know
Remaining cards (0)
Know
0:00
edit
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

SBModule3

Exploring the Business Plan

QuestionAnswer
business plan a proposal that describes a new business. It is presented to potential investors and lenders
Executive summary a brief description of the key points of the business plan. It should be no longer than two pages and should include the most important information from each section of the business plan.
Product/service plan presents the product or service you are offering, the nature of your business, the unique features of the product/service, and additional products or services that may be offered once the business becomes established.
Management team plan presents the qualifications of the entrepreneurs involved in the business venture. If there are areas of expertise missing, a plan must be shown for solving that problem; describes an advisory board that will assist in getting the business started.
Industry/market analysis This section analyzes the customers, the competition, and the industry in addition to demographic, geographic, and economic data.
Operational plan This section includes all processes involved in producing and/or delivering the product or service to the customer. It may include product development and channels of distribution.
Organizational plan includes the management philosophy of the business, the legal form of the company, key management personnel, and key employment policies.
Marketing plan describes how the business will make its customers aware of its products or services. includes: market being served, pricing policy, company image, marketing strategies that will be used to reach the customer, a promotional plan, and a marketing budget.
Financial plan This section includes financial statements that will help forecast the future financial health of the business.
Growth plan The growth plan presents plans for future expansion of the business.
Purposes of a Business Plan 1. To obtain financing. 2. To serve as a living guide to the business. 3.To provide a start-up blueprint.
Created by: mrsljohnson
Popular Management sets

 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
Retries:
restart all cards