EQ - How does a well-written business plan benefit an entrepreneur?
‰ Introduction to Business Plans
o Importance of Business Plan (p. 64 – 68)
o Elements to Include (69 – 77)
§ **NOTE** We have already completed EVERYTHING for our business plan. Our complete business model gives us our foundation for writing our business plan
o Begin Business Plan Composition (ROUGH DRAFT DUE JAN. 2)
‰ BUSINESS PLAN ELEMENTS
o Introduction
§ A detailed description of the business & its goals
§ The ownership of the business
§ Skills and Experience the owner brings to the business
§ The Advantages our business has over the competition
o Main Body
§ Marketing (71-72)
§ Financial Management (72-73) (Cost Structure)
§ Operations (73)
§ Concluding Statement (73)
o Appendix
§ Supporting documents that provide additional information to support your plan (these will be limited) (76)
‰ **NOTE** Pages 74-77 should assist greatly
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