Business plan

BUSINESS PLAN PART 1.

Consider the following scenario:  You recently inherited $50,000 and you would like to use this money to help start a small business. However, you will need additional funding.

Create a business plan to convince the bank or other investors that you have a viable business plan.

Decide on the type of business and a name for the business.

Part 1 is worth 5%

1. Read chaps.3, 6, 8 & 9 in the text.

2. Give an overview of your business.

3. List and describe your management team, describe the legal structure, and decide on a location.