Components of Business Plans

1. Businesses can set SMART targets to allow businesses to measure progress and performance. The S in SMART stands for S________.
4. The section that outlines how many other businesses compete in the market, and who the major players are is known as the ______________ section.
5. The operations section details the location of the business, as well as what resources are required and who the ______________ that resources will be bought from will be.
6. What the business sells, the USP, and target market comes under the __________ or service section in a business plan.
10. The T in SMART stands for ________.
11. The ‘market’ section has information on the size of the market and growth, and also information that is called ___________ research.
12. Which TV show do entrepreneurs present their business plans on? (hint: you watched a clip of it last week).
16. The A in SMART stands for A_____________.
17. The section that details the skills and responsibilities of management, and information on the workforce is the _________ section.
18. In order to raise finance businesses can show their plans to _____.
19. The R in SMART stands for R_______.
20. (This is subject to opinion but there is only one right answer today…)

2. The marketing section is all about the _______!
3. The section of the business plan that outlines the goals of a business and their short, medium, and long term plan is called the _____ section.
7. USP stands for ________ selling point.
8. The M in SMART stands for M_____________.
9. The section that details where sources of funding have come from is the __________ section.
13. The finance section details the forecasted costs, profit, and __________.
14. A business plan can be used both internally and __________.
15. A business plan is a written document that describes a business, it’s objectives, it’s strategies and ____________ forecasts.