Includes the purpose of the plan: Financial Plan, Products, Executive Summary, Company Description
Executive Summary
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seesaw
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shark
Other team loses 25 points!
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rocket
Go to first place!
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baam
Lose 25 points!
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10
What is not the component of business plan: financial plan, marketing plan, safety plan, executive summary
safety
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banana
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magnet
Take 20 points!
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gift
Win 15 points!
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thief
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15
Why are business plans used for potential investors and banks?
To invest money in your start-up
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baam
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gift
Win 25 points!
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fairy
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5
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25
baam
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15
What are the advantages of creating a business plan?
It allows the entrepreneur to focus on what they want to accomplish/Allows the process they will take to do it become simple and easy//Allows them to accomplish
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seesaw
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fairy
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5
10
15
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25
rocket
Go to first place!
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baam
Lose 15 points!
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10
Which section is completed last in business plan? tasks about your business or budgeting?
Budgeting
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5
What are the disadvantages of creating a business plan?
It is difficult to do and expensive as well
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5
True or false: According to research, without a business plan, firms are more likely to close down.
True
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5
What does business plan mean?
It is a detail plan to start a business and avoid risks
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5
The preparation of a business plan is optional for some small businesses - True or False?
