1. 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.

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

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

4. 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