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List the key elements of a business plan

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Reference no: EM132641018

Small Business Mgmt- Please assist me with answering these question.

Please include all citation or reference where applicable if not answer will not be valid ( please include atleast one in answer)

1. List the key elements of a business plan and explain the importance of each element.

2. Mark has a doctorate degree in Entrepreneurship. Mark wants to open a theater Summer 2021. Money is no issue since he is using his life's saving and family inheritance to invest in the business. Should Mark still (writee ) business plan even though he does not need outside financing? Why or why not? Explain.

3. Why is the executive summary the most important section of the business pla

4. When you reach the point in your career where you are ready to start your own business (or your next one), will you (writee-a) business plan before beginning? Why or why not? If you would choose to start a business without a business plan, what would be your alternative for testing feasibility?

6. Explain how creditors and investors use the '5Cs' of credit to valuate a request for financing?

7. How can financial records allow a business owner to identify problems in his/her business?

Reference no: EM132641018

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