Business Plans Flashcards
1
Q
What is a Business Plan
A
A Business Plan is a document the Business intends to do
2
Q
What Things are on a business plan
A
- Business name idea and a (USP) if there is one
- Aims And objectives
- Market Research
3
Q
Pros of a business Plan
A
- Increase chances of Obtaining external Finance
- Help it to understand finance
4
Q
Cons of a business Plan
A
- Who made the business plan Do they have Business Experience
- Only a plan it could be different from reality
