How to Write a Business Plan


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question 1 of 3

Which section of a business plan is generally first but written last?

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1. What's a typical timeframe that a business plan addresses?

2. What's the biggest mistake you can make when preparing a business plan?

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About This Quiz & Worksheet

Use this quiz and worksheet to test your understanding of how to write an effective business plan. Quiz question topics include sections of a business plan and the usual timeframe a plan addresses.

Quiz & Worksheet Goals

Quiz and worksheet questions have the following objectives:

  • Identify the section written last
  • Know the typical timeframe business plans address
  • Identify a crucial mistake to avoid in preparing a business plan
  • Understand what is included in the financial management section of the plan

Skills Practiced

You will practice the following skills in these assessments:

  • Reading comprehension - ensure that you draw the most important information from the related business lesson
  • Information recall - access the knowledge you've gained regarding the sections of a business plan
  • Knowledge application - use your knowledge to answer questions about writing a business plan

Additional Learning

You can learn more about this topic in the accompanying lesson called How to Write a Business Plan. This lesson explores the following topics:

  • Purpose of a business plan
  • Goals of each section, including the business description, products and services, sales strategy, and the executive summary
  • Advice on how to write an effective business plan