Chapter 5 Business Plan

Please follow the link to the Small Business Association and answer the following questions.

Chapter 5 Develop a Business Plan
In Chapter 5, you learned about the importance of a business plan when starting a business. The U.S. Small Business Administration provides a web site to help you plan your business.
www.sba.gov

1. What should be included in the description of the business

2. When describing your product/service, what four questions should you answer?

3. What type of information should you gather about your competitors?

Chapter 4 Select a type of ownership

Chapter 4Select a Type of Ownership
In Chapter 4 you explored the various types of business ownership including buying an existing business, starting your own business or purchasing a franchise. This is a very important decision you will make. To learn more about franchises, go to the Chick-fil-A website and answer the following questions:
www.chick-fil-a.com
1. How much financial investment is required from someone wishing to start a Chick-fil-A restaurant?
2. Describe the financial agreement between Chick-fil-A and its operators.
3. What kind of support does Chick-fil-A, Inc. offer its operators