Now that you have learned the main concepts of business plan preparation, you canbegin the process of creating a business plan by writing a general companydescription. In thinking about the key issues in starting a new business, respond tothe following questions $1.$ When and where is the business to start?

$2.$ What is the history of the company?

$3.$ What are the company$$s objectives?

$4.$ What changes have been made in structure and$/$or ownership?

$5.$ In what stage of development is the company in$?$

$6.$ What has been achieved to date?

$7.$ What is the company$$s distinctive competence?

$8.$ What are the basic nature and activity of the business?

$9.$ What is its primary product or service?

$10.$ What customers will be served?

$11.$ What is the company$$s form of organization?

$12.$ What are the current and projected economic states of the industry?

$13.$ Does the company intend to become a publicly traded company or an acquisition candidate, or do the owners want to transfer ownership to the next generation of the family?