Business Plan Flashcards
1
Q
Business plan
A
a written description of a business’s future aims and strategies.
2
Q
Reasons to prepare a business plan
A
Sets targets to be achieved to help focus the business
Identifies problems in advance so solutions can be found
It is a required document when applying for a business loan
3
Q
What does SWOT stand for
A
Strengths, weaknesses, opportunity’s, threats
4
Q
What is a SWOT analysis
A
identifies the Strengths, Weaknesses, Opportunities and Threats facing the business.
5
Q
Main headings for a business plan.
A
Title: Business Plan for “Business Name” Background of the Business The Business Team Market and Marketing Production Costings and Finance Structure of the Business Signed and Dated
