sba.gov/learning-center-plan/learning-center-how-to-write-a-business-plan and then answer the questions below.Include the questions but NOT the directions. Each answer should be a separate paragraph.Directions: Answer the questions below based on what you have learned from the SBA course. Do NOT cut and paste from the transcript. Most of these questions can be answered in 2-3 well written sentences. However, questions 4 and 6 will need additional sentences in order to provide adequate responses. The responses are worth 92 points and the formatting and grammar are worth 8 points.1. Why should you create a business plan for your business and how far in the future should it cover?2. Explain who will find your business plan useful and why it is useful to them. 3. What is the purpose of a mission statement that makes it important in your business plan? 4. Briefly explain the three sections of the ‘Your Market’ part of the business plan. 5. What purpose does the Product/Service Line serve in the business plan? 6. The ‘Marketing’ section gives 7 parts to a good marketing strategy. Explain the 3 parts that you think are most important for your business. 7. Which financial statements are included in the ‘Financial Projections’ section and why is this section so important? (10 points)8. Explain break-even analysis and why you need to compute it. 9. What purpose does the Executive Summary serve and why is it written last?
