Exam 7: Writing An Effective Business Plan: Building A Road Map to Success

Before distributing a business plan to potential investors,an entrepreneur should have it reviewed by good writers,making sure that it is grammatically correct and does not have any fatal writing flaws.

Milestones,in a business plan refer to

Information illustrating projected operating results based on profit and loss can be found in the

Break-even analysis refers to

Researchers agree that the way in which people think about stressful situations is a powerful determinant of how they react to them. In order to experience lower levels of anxiety,people should

Which of the following is not good advice concerning the market analysis section of the business plan?

There is always room for improvement in a business plan.

All but which of the following are included in a proforma income statement?

Talented,experienced,and motivated people at the top of a new venture are very important for its success.

Once a business plan is written,it should not be changed.

Entrepreneurs who prepare excellent business plans are more likely to attain success than those who do not.

Entrepreneurs can show investors that they are paying careful attention to the operations of the company and have developed clear plans for its future progress by identifying and working towards milestones. Which of the following would NOT be an example of a milestone for a company to use to show that it is moving forward?

The seven deadly sins of a business plan are potential threats,but should not be considered very important when showing the plan to possible investors.

Which of the following is not good advice related to presenting a business plan to investors?

Part of the reason that it is important to have a well written,persuasive business plan is because it can usually hide from investors the fact that the business has little economic potential or is not a sound idea.

Which of the following statements is most likely to be true?

Sophisticated investors want to see specific and detailed information concerning which one of the following marketing concerns?

Which of the following should not be included directly inside of the management section of the business plan?

Having confidence does not automatically translate into a first-rate presentation.

The business plan should also contain a section describing "critical risks," or "what might go wrong."