3. Preparing an Effective Business Plan

Material

Executive Summary

Part One: Executive Summary Elements

Vision Statement for the business is:

Executive Summary Data

Complete the following template:

Executive Summary Element	Research Results
Marketing
Product/Service Idea- Describe Product/Service Characteristics
Benefits/Features
Unique Features
Limits and Liabilities
Production and Delivery or Service Execution
Suppliers
Intellectual Property/Permits
Business Location- Describe Planned Business Location
Home Based
Multiple Locations
Lease Facility- Existing Facility
Virtual
New Facility Construction- Own
New Facility Construction- Lease
Other- Specify
Additional Executive Summary Information- Specify Below

Part Two: Reflection and Observations

Answer the following questions:

1) What role did each team member provide to obtain business plan information?

2) What roadblocks did the team face when obtaining required information?

3) What lessons were learned during the week’s Learning Team assignment which can be applied during the specific phase of business start-up?

4) What is the team’s overall observations of this week’s assignment relative to the type of

information needed to develop a comprehensive business plan?

5) How does this week’s Learning Team assignment support the Learning Objectives?

References

APA-formatted citation

APA-formatted citation