Title: Identify the components of a business and financial plan.
Course: Foundations of Agriculture, Food, and Natural Resources (18001-I) > Section: Demonstrating Skills in Agribusiness

Identification should include the

- components of a business plan
  - executive summary
  - company description
  - products and/or services
  - market analysis
  - strategy and implementation
  - organization and management
  - financial plan and projections
- components of a financial plan
  - sales forecasting
  - expense outlay
  - statement of financial position
  - cash flow projection
  - break-even analysis
  - operations plan.

Process/Skill Questions:

- Why is the executive summary important?
- What are the components of a financial plan, and how can they be used to secure funding for a new business?
- What are the advantages of creating a business plan?