Unit 3 · 4 lessons
The Benefits of a Venture Plan
Why entrepreneurs write a venture plan, what goes in each section, where to get free help and templates, and how to test and revise the plan when conditions change.
- 35 practice questions
- 33 flashcards
- 1 interactive lesson
Lessons
- 1Why Write a Venture Plan?A venture plan is the written road map for a business: it tests the idea on paper, sets goals, and shows lenders, investors, suppliers and partners that the venture is worth their support.8 questions
- 2Inside a Venture PlanA venture plan has standard components, from the title page and executive summary through the marketing, production and financial plans to the appendices, and each answers a specific question a reader will ask.9 questions
- 3Where to Get Help and TemplatesOntario entrepreneurs can get free advice, mentoring and venture-plan templates from Small Business Enterprise Centres, national organizations such as Futurpreneur Canada and BDC, groups that support women, Indigenous and newcomer entrepreneurs, and banks and governments, and a template works best when it is adapted to the venture.8 questions
- 4Evaluating and Revising the PlanA good venture plan is flexible, ethical and adaptable: owners forecast what could change, run what-if scenarios with real numbers, ask community members to test the plan, and use a thorough plan to cut start-up costs and financial risk.Interactive10 questions