Strategic Planning in the Small Business

Unit

1

HO

1-2 (continued)

*   How

often will

financial reports

be prepared?

Be

received?

Be

audited?

LEGAL ISSUES

Identify the

Form of Business

" What

legal structure

will the business

use?

*   What

advantages

does the selected

legal form

bring to

the business?

(versus other

legal forms)

" Who

are the

officers (if any)?

Discuss Required

Licenses.

Permits

or Regulations

"

What licenses

or permits

are required

for the business?

"

How/when

will needed

licenses/permits

be obtained?

" What

regulations affect

the business?

*   Who/how

will compliance

be

monitored?

RISK MANAGEMENT

Types of
Risk

" What

are your market

centered

risks?

* What

are your

property centered

risks?

"

What are your

employee

centered risks?

" What

are customer

centered risks?

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