Theme:Business principles and Marketing in Life-Style Entrepreneurship Exercise:Main parts of the Business plan Developed by:Social Innovation Fund, LT
Aim:To deepen your understanding of the main parts of a business plan.
Learning outcomes:
Ability to describe the main parts of the business plan.
Expected duration:15 minutes
Description: This is the matching exercise. It presents the most important sections of a business plan and briefly introduces in the contents when writing a business plan. By completing this exercise you will learn the main parts of the business plan and why each of them is important.
Task:Please read the descriptions of the key sections of a business plan on the left side below and then match them with the key sections on the right side.
(1/1) Please read the descriptions of the key sections of a business plan on the left side below and then match them with the key sections on the right side.
A:This section describes your new business idea, your product or service and explains the problem you are solving or the need that needs to be filled. B:This section presents an overview of the key points in the business plan. C:This section characterizes the size of your target market, pricing strategy, channels of distribution, promotional strategy and sales strategy. D:This section demonstrates the financial viability of your new ventures. Typically this section includes an Income Statement, Balance Sheet and Cash Flow which show projected revenue, expenses, profit and needed funding for the planning period. E:This section demonstrates capability to implement this business plan. F:This section explains how you will schedule and control operations, monitoring budgets and address security issues.
Your answer is correct!
A:This section describes your new business idea, your product or service and explains the problem you are solving or the need that needs to be filled. B:This section presents an overview of the key points in the business plan. C:This section characterizes the size of your target market, pricing strategy, channels of distribution, promotional strategy and sales strategy. D:This section demonstrates the financial viability of your new ventures. Typically this section includes an Income Statement, Balance Sheet and Cash Flow which show projected revenue, expenses, profit and needed funding for the planning period. E:This section demonstrates capability to implement this business plan. F:This section explains how you will schedule and control operations, monitoring budgets and address security issues.
This is not the expected answer!
A:This section describes your new business idea, your product or service and explains the problem you are solving or the need that needs to be filled. B:This section presents an overview of the key points in the business plan. C:This section characterizes the size of your target market, pricing strategy, channels of distribution, promotional strategy and sales strategy. D:This section demonstrates the financial viability of your new ventures. Typically this section includes an Income Statement, Balance Sheet and Cash Flow which show projected revenue, expenses, profit and needed funding for the planning period. E:This section demonstrates capability to implement this business plan. F:This section explains how you will schedule and control operations, monitoring budgets and address security issues.
Thank you for completing the exercise!
You answered correctly of 6 questions.
If you are satisfied with your results, please continue to the exercises list.
If you are not totally satisfied with your results, you are kindly advised to repeat the exercise as it will help you to deepen your knowledge on the topic.
