26-09-2019 Flashcards
1
Q
What is a business plan ?
A
A business plan is a document setting out the strengths, aims and startergies of a business
2
Q
What is an aim ?
A
An aim is the goal that the business wants to achieve
3
Q
What is an objective ?
A
An objective is detailed steps of how the business will achieve they’re goals
4
Q
What is the importance of a business plan ?
A
When an entrepreneur is thinking about setting up in business, it is important to think carefully about what is needed to make the idea a success, how the business will compete against other firms and how much money is needed to run it.
