Title: Identify elements of a business plan.
Course: Fashion Careers II (19201-36) > Section: Describing Business Operations

Identification should include elements such as

- a mission statement
- a detailed description of the business, its product or service, and its owners/founders
- marketing, operations, financial, and growth plans.

Process/Skill Questions

Thinking

- Why should a business plan address the outlook for the industry?
- How should the “big idea” for the product or service be presented in the business plan?

Communication

- What communication skills are needed to develop a business plan?
- How do presentation skills benefit a business owner applying for a loan?

Leadership

- How does a business plan help shape the company leader’s vision?
- Why should a mission statement be included in a business plan?

Management

- What resources are available to help develop a business plan?
- How can a business plan benefit the company beyond start-up?