BUSINESS PLAN PART 1.
Consider the following scenario: You recently inherited $50,000 and you would like to use this money to help start a small business. However, you will need additional funding.
Create a business plan to convince the bank or other investors that you have a viable business plan.
Decide on the type of business and a name for the business.
Part 1 is worth 5%
- Read chaps.3, 6, 8 & 9 in the text.
- Give an overview of your business.
- List and describe your management team, describe the legal structure, and decide on a location.