1. Explain why planning is so badly needed by small businesses. Why is it so often neglected?
2. Explain the two overall categories of planning. What are the essential differences between the two?
3. What is involved in financial planning?
4. What is the purpose of a business plan and what should the business plan include?
5. Application question. Have you ever been involved with strategic planning, financial planning or producing a business plan? Describe your involvement.