Writing A Business Plan: Lesson 3
How To Develop a Business Plan
Small business development specialist, Thomas Tate, discusses how to develop a business plan. He goes into detail about what a business plan is, the components that make up a business plan, how to brainstorm and visualize, and how to create your financial projections.
Topics:
- What is a Business Plan?
- The Components of a Business Plan
- How to Brainstorm and Visualize
- How to Create Your Financial Projections
Test Your Knowledge
To receive credit for taking this course through TSBDC, watch the video and take the quiz that will appear below to demonstrate your knowledge.
Quiz Summary
0 of 3 Questions completed
Questions:
Information
You have already completed the quiz before. Hence you can not start it again.
Quiz is loading...
You must sign in or sign up to start the quiz.
You must first complete the following:
Results
Results
0 of 3 Questions answered correctly
Your time:
Time has elapsed
You have reached 0 of 0 point(s), (0)
Earned Point(s): 0 of 0, (0)
0 Essay(s) Pending (Possible Point(s): 0)
Categories
- Not categorized 0%
- 1
- 2
- 3
- Current
- Review
- Answered
- Correct
- Incorrect
-
Question 1 of 3
1. Question
What is a business plan?
CorrectIncorrect -
Question 2 of 3
2. Question
What are the components of a business plan?
CorrectIncorrect -
Question 3 of 3
3. Question
What is the first thing to do when developing a business plan?
CorrectIncorrect
Video Lesson Topics
- 0:26
- What is a Business Plan?
A business plan is a document that demonstrates a business’s objectives and the strategies that it plans to use to achieve them. There are many business plan templates available, but Thomas is going to show you how to create your own.
- 0:47
- The Components of a Business Plan
- Component 1: Executive Summary- The executive summary is a synopsis of what the business is going to do.
- Component 2: Business Description- This describes what your business is and the operations of your business.
- Component 3: Marketing- This is how you’re going to sell your product and/or service.
- Component 4: Management- This tells you who is involved in the operation.
- Component 5: Financials- Financials refer to any financial piece that is going to help you to convey this idea.
- 1:27
- How to Brainstorm and Visualize
Create a clear vision of what your business is going to do. Once you have a clear vision of your plan, it is time to write the financials. Although the financials are at the end of your business plan, they are the first thing you write.
- 1:44
- How to Create Your Financial Projections
Although the financials are at the end of your business plan, they are the first thing you write. Once you have that, you can begin to write the verbiage of your business plan.
Topics & Lessons
Each Below Topic Contains a Video Lesson and Helpful Downloadable Information
Why Write a Business Plan?
Business Plan Format/Templates
How To Develop a Business Plan
Marketing For Your Business Plan
Financial Projections for Your Business Plan
Writing A Business Plan For Your Existing Business
Want to learn more about how this topic relates to your business?
Schedule a meeting with one of our consultants! All counseling sessions offered by the TSBDC are no-cost and provided by our staff of professional business consultants.