1.2 Business Planning Flashcards
1
Q
Business plan
A
A formal written document produced as a presentation to provide information about a business and the market that it plans to operate in
2
Q
Purpose of business plan
A
- Tracks progress
- Gain investors
- Achieve objectives
- Manage recourses, eg.finance, people
- Minimise risk
3
Q
Key parts of business plan
A
Business plan summary
Business details
Marketing plan
Human recourses
Financial resources
4
Q
Business plan summary
A
Introduction to business
5
Q
Business details
A
Aims and objectives
6
Q
Marketing plan
A
Market research, size, and segment
7
Q
Human recourses
A
Required employees, salary and overall labour cost
8
Q
Financial recourses
A
Cost involved to get the business up and running
