Identification should include
- the purposes of a business plan
- to provide the detailed information needed for acquiring capital
- to lay the foundation for business development and expansion
- to serve as a road map for the business to follow
- the structural components of a business plan and their importance
- executive summary
- type of business
- business philosophy
- product and service plan
- self-analysis
- trading area analysis
- market segment analysis
- operational plan
- organizational plan
- marketing plan
- financial plan.
Process/Skill Questions:
- What are the main sections of a business plan?
- What is the function of each section of the business plan?
- How does each section relate to the overall purpose of the plan?
- What preparation should be done prior to developing the business plan?
- Why does one need to conduct research to write a business plan?
- Should a business plan for an internet-based business differ from one for a brick-and-mortar business? Why or why not?
- Does a business need a business plan in order to start?
- What business opportunities require a business to have a business plan?