the business plan
Learning Objectives:
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Specification:
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Key term:BUSINESS PLAN: A plan for the development of a business giving forecasts of items such as sales, costs and cash flow.
The purpose of a business plan are as follows:
- To think about all aspects of the business.
- To reduce risk of failure
- To interest potential investors and bank loans
a_guide_to_writing_a_business_plan.pdf | |
File Size: | 74 kb |
File Type: |
What is generally on a business plan?
1)Personal Details
2)Business Details
3)BusinessAims/Objectives
4)Prices
5)Information about the market
6)Potential Customers
7)Competitor information
8)Location
9)Advertising/Promotion
10)Financial Information
1)Personal Details
2)Business Details
3)BusinessAims/Objectives
4)Prices
5)Information about the market
6)Potential Customers
7)Competitor information
8)Location
9)Advertising/Promotion
10)Financial Information
Why is a business plan so important?
- To show potential investors, e.g. venture capitalists (Dragons)
- To persuade potential lenders, e.g. the bank manager
- To focus on the aims/objectives
- To appear organised and professional
- Identify any problems
- Need to be regularly reviewed and updated
business_plan_template.docx | |
File Size: | 12 kb |
File Type: | docx |