The document discusses implementing and using a business plan after financing has been obtained. It emphasizes that the business plan should guide operations for the first year and be updated if conditions change. Key aspects that should be monitored include profit/loss, cash flow, inventory, production, quality, sales, accounts receivable, and disbursements. Reasons for business plan failure include setting unreasonable goals, lacking measurable goals, insufficient commitment, inexperience in the business, failure to identify threats, and not establishing customer need.