Business Plan Flashcards
What is a business plan
It Is an action that describes all aspects of your proposed business. A business plan gives directions to a planned goal
What should a business plan include
1 cover page
2 contents page
3 explanation of business idea
4 target market
5 location
6 marketing
7 type of ownership and management
8 competition
9 financial plan
10 staff structure
11 SWOT analysis
12 goals
conclusion
What does the cover page do in a business plan
It’s summarizes important information about the entrepreneur commerce name of the business, business logo, date compiled and name of the person who compiled it
What does the contents page do in a business plan
Give a brief description of contents to be found in your plan
What is explanation of a business idea in your business plan
A description of type of business, for example what the business intends on doing- its products or services
What is the target market in a business plan
Who will be your potential customers
What is location in your business plan
Where the business will be located and the physical address of the business
What is marketing in your business plan
How you will advertise the business for example name the methods and cost involved
What is type of ownership and management in your business plan
Choose one form of ownership for example sole proprietorship, partnership, closed corporation
What is competition in your business plan
This describes how your business will be better than competitors
What is financial plan in a business plan
Startup cost, capital, the purchasing of store, costing and pricing, cash flow, projected profit
What is staff structure in your business plan
This is where you determine the number of people that will be employed in their qualifications and experience
What in your business plan will point out the strength weaknesses opportunities and threats of the business
The SWOT analysis
What is goal in the business plan
What your business intends on doing in the future
What is conclusion in the business plan
Motivational as to why the business will succeed
What is conclusion in the business plan
Motivational as to why the business will succeed
