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B. OVERVIEW OF SMALL BUSINESS
2.00 Explain the basic concepts leading to success in small business entrepreneurship. 2.02 Explain the purposes and components of a business plan.
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Business Plan A proposal that describes a new business. It is presented to potential investors and lenders.
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Purposes of a business plan
To obtain financing To serve as a living guide to the business To provide a start-up blueprint
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The components of a business plan
Organizational plan Marketing plan Financial plan Growth plan Executive summary Product/service plan Management team plan Industry/market analysis Operational plan
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