10Preparing a Planning Document


Learning Objectives

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 ...

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