Choctaw Nation
Small Business Development
Choctaw Nation
Small Business Development
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How to Write a Business Plan
Name
*
First
Last
Email
*
1. Within 5 years of operation what percentage of businesses fail?
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20%
10%
70%
90%
2. Define your vision is the #1 step in writing a business plan?
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False
True
3. Demand should be more than the market?
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True
False
4. What step # is "Know your customer?"
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2
3
5
4
5. Name the major reason a business may fail?
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Poor logistics and cost management
Lack of a business plan
Inadequate product
Poor customer service
6. Are there 9 steps to consider when writing a business plan?
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True
False
7. Which step is the most important part in making your business plan?
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Set marketing goals
Know your market
Take action
Research the demand for the business
8. Out of the 10% of businesses that last the first 5 years how many stay in business?
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4
1
5
3
9. Are customers the most important part of your business?
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False
True
10. A business plan needs to give direction and focus?
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True
False