EBK UNDERSTANDING BUSINESS
EBK UNDERSTANDING BUSINESS
12th Edition
ISBN: 8220106844298
Author: Nickels
Publisher: YUZU
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Chapter 6.4, Problem 5TP
Summary Introduction

To determine: Any five sections out of nine sections in the business plan.

Introduction:

A detailed written statement, which explains the nature of the business, the target market, the benefits the business will have over competition, and the qualifications and resources of the owner is termed as business plan.

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Writing a business plan is your map to how you are going to operate.  Regardless of whether you are interested in taking over an existing business or starting a new one; they both have challenges that you will need to overcome in order to succeed.  Discuss one of the challenges in starting a new business and how you may be able to address that challenge with a well-designed business plan.  Your challenge can be unique to either a start-up or on-going business or both.
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