By the end of this chapter, you should be able to:
• Identify and describe the sections and elements of a well-organized business plan.
• List and describe the components of the executive summary of a business plan.
• Explain what contingency planning is and why it is an important component of the plan document.
• Distinguish the requirements of a business plan designed for internal use from those designed for external use.
Preparing the planning document is step 6 (see Exhibit 1–3) of the planning process. If the planning process is properly completed, the preparation of the plan document ...