If you were writing the executive summary of Finagle A Bagel’s business plan to show to lenders, what key points would you stress?

Finagle A Bagel, a fast-growing small business co-owned by Alan Litchman and Laura Trust, is at the forefront of one of the freshest concepts in the food-service business: fresh food.
Each of the twenty stores bakes a new batch of bagels every hour, and each receives new deliveries of cheeses, vegetables, fruits, and other ingredients every day. Rather than prepackage menu items, store employees make everything to order so that they can satisfy the specific needs of each guest (Finagle A Bagel’s term for a customer). As a result, customers get fresh food prepared to their exact preferences—whether it’s extra cheese on a bagel pizza or no onions in a salad—along with prompt, friendly service.

2.1. What is the legal form of your business? Is your business a sole proprietorship, a partnership, or a corporation?

After reading Part 2, “Trends in Business Today,” you should be ready to tackle the company and industry component of your business plan. In this section, you will provide information about the background of the company, choice of the legal business form, information on the product or services to be offered, and descriptions of potential customers, current competitors, and the business’s future. Chapter 4 in your textbook, “Choosing a Form of Business Ownership,” and Chapter 5, “Small Business, Entrepreneurship, and Franchises,” can help you to answer some of the questions in this part of the business plan.

2.2. What licenses or permits will you need, if any?

After reading Part 2, “Trends in Business Today,” you should be ready to tackle the company and industry component of your business plan. In this section, you will provide information about the background of the company, choice of the legal business form, information on the product or services to be offered, and descriptions of potential customers, current competitors, and the business’s future. Chapter 4 in your textbook, “Choosing a Form of Business Ownership,” and Chapter 5, “Small Business, Entrepreneurship, and Franchises,” can help you to answer some of the questions in this part of the business plan.

2.3. Is your business a new independent business, a takeover, an expansion, or a franchise?

After reading Part 2, “Trends in Business Today,” you should be ready to tackle the company and industry component of your business plan. In this section, you will provide information about the background of the company, choice of the legal business form, information on the product or services to be offered, and descriptions of potential customers, current competitors, and the business’s future. Chapter 4 in your textbook, “Choosing a Form of Business Ownership,” and Chapter 5, “Small Business, Entrepreneurship, and Franchises,” can help you to answer some of the questions in this part of the business plan.

2.4. If you are dealing with an existing business, how did your company get to the point where it is today?

After reading Part 2, “Trends in Business Today,” you should be ready to tackle the company and industry component of your business plan. In this section, you will provide information about the background of the company, choice of the legal business form, information on the product or services to be offered, and descriptions of potential customers, current competitors, and the business’s future. Chapter 4 in your textbook, “Choosing a Form of Business Ownership,” and Chapter 5, “Small Business, Entrepreneurship, and Franchises,” can help you to answer some of the questions in this part of the business plan.

2.5. What does your business do, and how does it satisfy customers’ needs?

After reading Part 2, “Trends in Business Today,” you should be ready to tackle the company and industry component of your business plan. In this section, you will provide information about the background of the company, choice of the legal business form, information on the product or services to be offered, and descriptions of potential customers, current competitors, and the business’s future. Chapter 4 in your textbook, “Choosing a Form of Business Ownership,” and Chapter 5, “Small Business, Entrepreneurship, and Franchises,” can help you to answer some of the questions in this part of the business plan.

2.6. How did you choose and develop the products or services to be sold, and how are they different from those currently on the market?

After reading Part 2, “Trends in Business Today,” you should be ready to tackle the company and industry component of your business plan. In this section, you will provide information about the background of the company, choice of the legal business form, information on the product or services to be offered, and descriptions of potential customers, current competitors, and the business’s future. Chapter 4 in your textbook, “Choosing a Form of Business Ownership,” and Chapter 5, “Small Business, Entrepreneurship, and Franchises,” can help you to answer some of the questions in this part of the business plan.

2.7. What industry do you operate in, and what are the industry-wide trends?

After reading Part 2, “Trends in Business Today,” you should be ready to tackle the company and industry component of your business plan. In this section, you will provide information about the background of the company, choice of the legal business form, information on the product or services to be offered, and descriptions of potential customers, current competitors, and the business’s future. Chapter 4 in your textbook, “Choosing a Form of Business Ownership,” and Chapter 5, “Small Business, Entrepreneurship, and Franchises,” can help you to answer some of the questions in this part of the business plan.

2.8. Who are the major competitors in your industry?

After reading Part 2, “Trends in Business Today,” you should be ready to tackle the company and industry component of your business plan. In this section, you will provide information about the background of the company, choice of the legal business form, information on the product or services to be offered, and descriptions of potential customers, current competitors, and the business’s future. Chapter 4 in your textbook, “Choosing a Form of Business Ownership,” and Chapter 5, “Small Business, Entrepreneurship, and Franchises,” can help you to answer some of the questions in this part of the business plan.

2.9. Have any businesses recently entered or exited? Why did they leave?

After reading Part 2, “Trends in Business Today,” you should be ready to tackle the company and industry component of your business plan. In this section, you will provide information about the background of the company, choice of the legal business form, information on the product or services to be offered, and descriptions of potential customers, current competitors, and the business’s future. Chapter 4 in your textbook, “Choosing a Form of Business Ownership,” and Chapter 5, “Small Business, Entrepreneurship, and Franchises,” can help you to answer some of the questions in this part of the business plan.

2.10. Why will your business be profitable, and what are your growth opportunities?

After reading Part 2, “Trends in Business Today,” you should be ready to tackle the company and industry component of your business plan. In this section, you will provide information about the background of the company, choice of the legal business form, information on the product or services to be offered, and descriptions of potential customers, current competitors, and the business’s future. Chapter 4 in your textbook, “Choosing a Form of Business Ownership,” and Chapter 5, “Small Business, Entrepreneurship, and Franchises,” can help you to answer some of the questions in this part of the business plan.

2.11. Does any part of your business involve e-business?

After reading Part 2, “Trends in Business Today,” you should be ready to tackle the company and industry component of your business plan. In this section, you will provide information about the background of the company, choice of the legal business form, information on the product or services to be offered, and descriptions of potential customers, current competitors, and the business’s future. Chapter 4 in your textbook, “Choosing a Form of Business Ownership,” and Chapter 5, “Small Business, Entrepreneurship, and Franchises,” can help you to answer some of the questions in this part of the business plan.