Question

List five organizations that can be used as resources to obtain information or assistance for preparing a business plan

Answer 1

The Small Business Administration, SCORE, Chamber of Commerce, Business Development Centers, and Industry Associations are five organizations that can be used as resources for information and assistance when preparing a business plan.

Step-by-step explanation:

When preparing a business plan, there are several organizations that can be used as resources for information and assistance. Here are five organizations:

1. Small Business Administration (SBA): The SBA provides resources, training, and counseling to help entrepreneurs and small business owners develop their business plans.
2. SCORE: SCORE is a nonprofit organization that offers free mentoring and guidance to entrepreneurs in areas such as business planning.
3. Chamber of Commerce: Local chambers of commerce often provide support and resources for businesses, including assistance with business plan development.
4. Business Development Centers: These centers, often affiliated with universities or economic development organizations, offer services to assist entrepreneurs with business planning and other aspects of starting a business.
5. Industry Associations: Industry associations related to the specific business sector can provide valuable information and resources for developing a business plan.

Answer 2

Financial Resources: Funding

The most important element in starting a business is funding

Human Resources: Employees

The success of an organization is heavily reliant on the talent and strength of its employees

Educational Resources: Industry Know How

Perhaps the greatest thing an entrepreneur can do when establishing a new business is to gain as much education possible

Physical Resources: Premises and Equipment

Whether a small home business or a retail operation with multiple locations, every organization must have the appropriate physical resources to survive

Emotional Resources: Support Systems

Starting a business can be an extremely stressful endeavor for an entrepreneur to undertake.