1. Operating Plans & Resources
Chapter 3
Operating Plans & Resources

2. Well Balanced Bakery Has 3 Parts
Business- knowledge on how to do all of the things that are new to you.
Baking- Equipment, products, suppliers, costing, and more.
Management- You are the leader & driver of the project, thus you have a lot of ground to cover.

3. The first place to start is the Small Business Administration (SBA)
- Create a Business Plan!
The internet offers several great resources, most of the information is free.
The business plan is the document you write to move you through the process of starting, remodeling, or expanding a business.

4. Business Plan Should Include
It is typically made up of three parts:
Concept- The definition of what you are going to do
How your concept fits into the marketplace
The financial plans that show you will be successful
Executive Summary
Company Description
Market Analysis
Organization & Management
Service or Product Line
Marketing & Sales
Funding Request/Plan
Financial Projections
Appendix

5. Vocabulary
Business Plan- The business plan is the document you write to move you through the process of starting, remodeling, or expanding a business.
Wholesale- The goods are mainly sold to the retailer who sells it to the customer. One of the main differences is the price of goods. Wholesale will always be lower.
Retail- Selling goods directly to the customer for a profit.
Distributors- An entity that buys products, warehouses them, and resells them to retailers. Usually sales based on large volume.
Trade Shows- Educational event you can attend, bring you closer to suppliers, new products, technology, and innovations.