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Importance of business plan to success of small business

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Reference no: EM133154133

No less than fifteen hundred words, address the following questions:

  • Importance of a Business Plan to the success of a small business
  • Identify, and briefly describe, the 14 elements different components of a business plan, utilizing headings for each element, with a description of the element beneath it. (You should provide a listing of the elements of your Business Plan using the element as a heading; for example; a heading of "Executive Summary" with a description of what is included in the executive summary of a Business Plan).
  • Using a fictitious or real-life business in the industry of your choice, develop the Business and Industry Profile and the Competitor Analysis elements of your Business Plan as if you were completing them in a real-life business plan. Make sure that you identify the name of your firm (be it real or fictitious) and the type of industry in which it is operating.
    • When you complete the "Business and Industry Profile" and "Competitor Analysis" elements, provide a mock-up of what a Business and Industry Profile and a Competitor Analysis might look like for either a fictitious company or a real-life company of your choice.

Reference no: EM133154133

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