Identification should include the
- components of a business plan
- executive summary
- company description
- products and/or services
- market analysis
- strategy and implementation
- organization and management
- financial plan and projections
- components of a financial plan
- sales forecasting
- expense outlay
- statement of financial position
- cash flow projection
- break-even analysis
- operations plan.
Process/Skill Questions:
- Why is the executive summary important?
- What are the components of a financial plan, and how can they be used to secure funding for a new business?
- What are the advantages of creating a business plan?