| A | B |
|---|
| Entrepreneur | person who recognizes a business opportunity, assumes the risk and starts a business |
| Venture | New business that involves risk. |
| Small Business | Business that is independently owned and usually has the owner as it's manager. |
| Virtual Business | Business that operates on the internet |
| Business Plan | Written description of a new business venture that describes all aspects of the business. |
| Executive Summary | Brief account of the ket points contined in the business plan |
| Management Team Plan | Presents your qualifications and those of any partners you might have |
| Company Description | Outlines business to help investors understand size, scope and type of business |
| Product and Service Plan | Describes the product or service your business wants to offer |
| Vision Statement | Establishes the scope and purpose of a company and reflects it's values and beliefs |
| Mission Statement | Expresses the specific aspirations of the company and goals it will try to reach |
| Industry Overview | Presents your research of the industry and discusses trends and growth |
| Market Analysis | Presents research about and helps determine your tarket market |
| Competitive Analysis | Indicates how the proposed business has an advantage over it's competitors |
| Marketing Plan | Discusses how a company makes it's customers aware of it's products and services |
| Operational Plan | Business processes that result in production and delivery |
| Organizational Plan | Describes who will run the firm and managements philosophy |
| Financial Plan | Provides forecasts for the business and shows proof that it will be healthy financially |
| Growth Plan | Looks at how the business will expand in the future |
| Contingency Plan | Looks at likely risks to the business and ways to minimize those risks. |
