1.2 Business Planning Flashcards
1
Q
What is the purpose of a business plan?
A
To reduce the risk of starting a business.
To help a business succeed.
To show to potential investors.
2
Q
What is a business plan?
A
Details on how a business plans to achieve its objectives.
3
Q
What are the roles of a business plan?
A
To identify markets.
Helping with finance.
Identifying resources needed.
Achieving aims and objectives.
4
Q
What is finance?
A
The money needed to start the business
5
Q
What are the contents of a business plan?
A
Aims and objectives.
Target market.
Competition.
The idea.
People running it.
Market research.
Finance.
