Identification should include explaining how each of the following parts support business decision‑making and communicate value to lenders or investors:
- Executive summary
- Business description
- Market analysis
- Organization management
- Sales strategies
- Funding requirements
- Financial analysis and projections
Process/Skill Questions:
- Why is it important to relate the business plan to one’s vision for the enterprise?
- How will one benefit from writing a business plan?
- What is the importance of market analysis in the business plan?