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Small Business Ch 6
Small Business Management Ch 6
Question | Answer |
---|---|
Business Plan | A document that presents the basic idea for the venture and includes descriptions of where you are now, where you want to go, and how you intend to get there. |
Comprehensive Plan | A full business plan that provides an in-depth analysis of the critical factors that will determine a firm's success or failure, along with all the underlying assumptions. |
Critical Risks | A section of the business plan that identifies the potential risks that may be encountered by an investor. |
Executive Summary | A section of the business plan that conveys a clear and concise overall picture of the proposed venture. |
Financial Plan | A section of the business plan that projects the company's financial position based on well-substantiated assumptions and explains how the figures have been determined. |
Management Team | A section of the business plan that describes a new firm's organizational structure and the backgrounds of its key players. |
Marketing Plan | A section of the business plan that describes the user benefits of the product or service and the type of market that exists. |
Mini-Plan | A short form of a business that presents only the most important issues and projections for the business. |
Offering | A section of the business plan that indicates to an investor how much money is needed and when, and how the money will be used. |
Operations and Development Plan | A section of the business plan that offers information on how a product will be produced or a service provided, including descriptions of the new firm's facilities, labor, raw materials, and processing requirements. |
Pro Forma Statements | Projections of a company's financial statements for up to five years, including balance sheets, income statements, and statement of cash flows, as well as cash budgets. |
Product/Service Plan | A section of the business plan that describes the product and/or service to be provided and explains its merits. |
Prospectus (Offering Memorandum) | A document that contains all the information necessary to satisfy federal and state requirements for warning potential investors about the possible risks of the investment. |