Unit 4 · 7 lessons
Developing and Completing the Venture Plan
Resources, ownership, production and marketing plans, then start-up capital, cash flow, break-even and financing, assembled into a finished plan.
- 65 practice questions
- 58 flashcards
- 3 interactive lessons
Lessons
- 1Resources, Rules and Forms of OwnershipA venture plan lists every resource the business needs, the insurance and rules it must follow, the people who will do the work, and the form of ownership that best fits its owners.9 questions
- 2The Production PlanA production plan describes how the venture turns inputs into a finished good or service, how much it can produce, which suppliers it uses and how it manages inventory.9 questions
- 3The Marketing Plan for Your VentureA venture's marketing plan chooses how the product reaches customers, how the business will promote it on a small budget, and a price that covers costs and suits the target market.Interactive10 questions
- 4Financial Goals and Start-Up CapitalA venture sets measurable financial goals (break-even, projected profit, return on investment and market share) and works out its start-up capital as one-time start-up costs plus an operating reserve.Interactive9 questions
- 5Cash-Flow Projections and Break-EvenA monthly cash-flow projection tracks when cash actually comes in and goes out so a venture can spot and fix shortfalls, and break-even analysis shows how many units must be sold to cover costs.Interactive10 questions
- 6Financing the VentureA venture raises its start-up capital from a mix of savings, loans, investors, supplier credit, crowdfunding and grants, weighing the cost of debt against the ownership given up for equity, and lenders judge each request using the five Cs of credit.9 questions
- 7Completing and Presenting the Venture PlanThe venture plan opens with an overview (executive summary, mission, vision and goals), is revised so every part agrees, is produced with suitable technology, and is presented clearly to lenders or a panel.9 questions