business plan Flashcards
1
Q
what is in a business plan
A
personal details
mission statement
objectives
product description
production details
staffing requirements
finance
2
Q
why do businesses have them
A
how it will be organised and what resouces it needs#
how much money is needed
convince financial backers that the idea is a good investment
helps managers decide what objectives need to be set to hit their aims
3
Q
drawbacks
A
time and money creating one so in the end the benefit of making one doesnt outweigh the cost
managers may stick too tighlty to the plan
