Exam 8: New Business Planning Process: Feasibility Analysis,business Modeling,

The industry analysis should cover existing profitability and anticipated profitability of firms in the targeted market segment,and any significant entry or exit of firms.

The ideal business plan should be at least 100 pages long and somewhat hard to read in order to demonstrate your thoroughness and to capture the venture capitalist's attention.

Your cash budget and an explanation of how much money you need to make your company and product a long-term success are the subject matter of the:

What are the three tests any business plan should be put to? Name and explain the purpose of each.

Executive summary is the broadest expression of a company's purpose and defines the direction in which it will move.

The process of testing the business model on a small scale before committing serious resources to launch a business that might not work is called:

The business plan should cover key people,the opportunity,provide a business context,and explain the risks and rewards involved.

The loan proposal portion of the business plan should include:

Most loans banks make to start-up businesses are not secured by collateral but by the character of the entrepreneur.

Regardless of how good the plan or its presentation,the entrepreneur should always be prepared for questions when he/she presents the venture.

For entrepreneurs,a business plan is: