B. OVERVIEW OF SMALL BUSINESS

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Presentation transcript:

B. OVERVIEW OF SMALL BUSINESS 2.00 Explain the basic concepts leading to success in small business entrepreneurship. 2.02 Explain the purposes and components of a business plan.

Business Plan A proposal that describes a new business. It is presented to potential investors and lenders.

Purposes of a business plan To obtain financing To serve as a living guide to the business To provide a start-up blueprint

The components of a business plan Organizational plan Marketing plan Financial plan Growth plan Executive summary Product/service plan Management team plan Industry/market analysis Operational plan

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