Business Plans

Question 1

executive summary

Answer 1

provides an overview of the business’s aims, objectives, &strategy. evidence that the proposal is viable. Sets out how the business will be ran

Question 2

marketing plan

Answer 2

Carried out to establish the size of the market, customer needs, and competition level. includes the marketing mix.

Question 3

operations plan

Answer 3

includes details of the business location, production methods, equipment needed, production costs, and supply sources.

Question 4

HR plan?

Answer 4

outlines the number of employees, required skills, experience and the qualifications they have. Also identifies the management team.

Question 5

financial plan

Answer 5

includes a sales forecast, cash flow forecast for the first 12 months, profit and loss and balance forecast for the end of the first year, break-even analysis, available start-up capital, and potential borrowing.

Question 6

Business plan

Answer 6

Makes clear the objectives of the business and how the business intends to achieve said objectives