Sample Questions in Business Plan Proposal

Note: The questions will still differ based on the content of your business plan. Make sure that all of your
members are knowledgeable on the contents of your business plan or how your business will run.

1. What is the need that your business exists to satisfy?

2. How does your business differentiate itself from other businesses? What are your
advantages?
3. Who will you be targeting as customers?
4. What will be your most effective marketing and promotional strategies?
5. How much money is required to get your business started?
6. Why will the business succeed?
7. Who are your competitors? How are their businesses positioned?
8. Where will the business be located? Why?
9. What steps are required to produce your product or service?
10. What are your needs for production (e.g., facilities and equipment)?
11. What potential problems could arise?
12. What is your total estimated business income for the first month?
13. What is your competitive advantage?
14. Is your product innovative?
15. If your business is located inside the school, how will your business gain profit during
vacation?
16. Why should the customers choose your business instead of other known businesses?