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and Capacity Known5. Inventories and Credit Established6. Hit Ground Running7. Experience of Previous Owner8. Bargain?Small Business ManagementDisadvantages of Buying1. It39。 $5000 for each $100 weekly over $250.Ladies Wear: 2550% cost of fixtures plus inventoryat 50100%. No goodwill.Small Business ManagementTHE BUSINESS PLAN4 Purpose Need4 The Business Opportunity4 Getting into Business4 Startup Problems4 Marketing4 Managing Controlling Operations4 Financial ProjectionsSmall Business ManagementParts of the Business Plan1. Executive Summary2. Owner/Officer Resumes3. Company History4. Description of the Business5. Business Strategy6. Description of Product/Service7. MARKETING STRATEGY!8. Operational Plans9. Financial Projections10. Loan Proposal。s profit plus inventory.Bakery (6day operation): 10 times weekly gross.Manufacturing: Appraised value of machinery plusraw materials, packing materials, and inventoryat cost plus 1/2 to 1 year39。s a Dog2. Ill Will from Previous Owner3. Unsuitable Employees4. Poor Location5. Obsolete/Unusable Equipment6. Difficult to Change and Innovate7. Outdated Inventory8.