Business Plan Basics

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Across
  1. 3. Financial plan may include your company's ______________ statement, which is a breakdown of profit and/or loss.
  2. 5. Once you have created your business plan, be sure to __________________ it many times to find grammar and spelling mistakes.
  3. 7. Around one-_________ of small businesses opened with less than $5000 in cash.
  4. 10. The ______________ summary is probably the most important part of a business plan because it is what others will read first.
  5. 11. There are many examples of business plans _____________ that you can use as a template.
  6. 12. Today, customers are ___________ and they have many choices.
  7. 14. OM stands for _______________ Manager. For small businesses, this is often the owner.
  8. 16. Identifying the ____________ market includes knowing your potential customers demographics.
  9. 17. A business plan should include the _________ statement, which is a statement about where the business will find itself in the future.
  10. 19. To do a business plan, you need to do a lot of _______________.
  11. 20. The basic rule is that there needs to be more demand than____________ for your product/company to be successful.
Down
  1. 1. The operations part of the plan should include a plan for ____________________, which is how you will keep accurate financial records.
  2. 2. Short term goals are usually defined as less than a __________.
  3. 4. One of the main reasons that businesses fail are a lack of market needs and a lack of ______.
  4. 6. Most startup business failures could have been prevented with a properly written ___________ _____________. (No space inbetween words)
  5. 8. The operations part of a plan needs to include a human ___________________ plan, which describes benefits for employees.
  6. 9. One reason to write a business plan is that it can help attract _____________, who can help provide your company with funding.
  7. 13. How you will advertise and use social media is part of your _______________ plan.
  8. 15. The product and services section should include a description of the ______________ as a whole.
  9. 18. A _____________ statement should describe the main goals and objectives of a business.