you are the proud owner of a new "Small Business Venture" of your choice - located somewhere in the New York / New Jersey Tri-State area, Online, or from a city of your choice (i.e. Clothing Store, Shoe store, Tailoring Shop, Purses & Handbags, Women's' wear, Men's' wear, computer shop. etc...etc...).

- Based on your review of the resources provided for Chapter 1, please select at least Two terms/concepts from Chapter 1 and explain how each of the terms/concepts you selected can lead to either the success or failure of the business venture you chose for this discussion.

-Why do you think a business plan it is important for students, managers, small business owners to learn and understand the all components of a Business Plan?