Friday, March 14, 2014

EQ 5

What are the eight parts of the business plan your were assigned? Is that different then you thought? What are the issues you have had so far writing your plan? What has been easy?

The eight parts of a business plan are executive summary, company description, market analysis, organization/management, product line, marketing/sales, funding request and financial projections. These parts are different than what I thought they would be because I thought we would only have to think of a product and where we would sell it. I didn't think we would have to make a market analysis and financial projection. Each part needed to be very detailed and specific as well. So far it's been difficult deciding where to market our products and how to price them. The easy part was thinking of the product and who was going to be in charge of management. 

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