Reference no: EM133166430
Go to the Small Business Administration Website (SBA) and watch the videos https://learn.sba.gov/learning-center-plan/learning-center-how-to-write-a-business-plan and then answer the questions below. Answer the questions below based on what you have learned from the SBA course. Do not provide exact sentences and phrases from the website transcript of videos.
1. Why should you create a business plan for your business, and how far in the future should it cover?
2. Explain who will find your business helpful plan and why it is helpful to them.
3. What is the purpose of a mission statement that makes it essential in your business plan?
4. Briefly explain the three sections of the 'Your Market' part of the business plan.
5. What purpose does the Product/Service Line serve in the business plan?
6. The 'Marketing' section gives 7 parts to a good marketing strategy. Explain the 3 parts that you think are most important for your business.
7. Which financial statements are included in the 'Financial Projections' section and why is this section so important?
8. Explain break-even analysis and why you need to compute it.
9. What purpose does the Executive Summary serve and why is it written last?
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