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MGT3350 - Small Business Management   Tags: business plan, sba, small business  

Last Updated: Jun 4, 2016 URL: http://berkeleycollege.libguides.com/smallbusiness Print Guide RSS UpdatesEmail Alerts

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Using this Guide

The resources included in this guide will help you to find answers to your business research questions.    Please follow the tabs above to locate the specific type of information that you are looking for. 

 

What is a Business?

Definition:

  • activity carried out for profit,                  
  • work such as buying, selling, or producing goods or services that a person or organization does to make a profit

"business." QFinance: The Ultimate Resource. London: A&C Black, 2009. Credo Reference. Web. 12 July 2012.

 

Business Plan Elements

Create an Abbreviated Business Plan for a Small Business that you Select. 

Your business plan will address the key elements of getting started (implementing) your business, obtaining the funding, and on-going operations.   

The outline incluses the following sections:

Executive Summary - Overview of the significant points                              
Industry, Target Customer, and Competitor Analysis - Key characteristics of the industry
Company Description - The nature of the business, its primary product or service,
its current status (startup, buyout, or expansion)
Product/Service Plan- Justification for why people will buy the product or service, based on its unique features.
Operations and Development Plan- Operating or manufacturing methods,
Critical Risks - Any known inherent risks in the venture.
Exit Strategy - Ways an investor—and the entrepreneur—may be able to harvest their business investment
Financial Plan - Contemplated source of funding.
 

 

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