Business Plans Flashcards
1
Q
What’s in a business plan
A
Personal details of owners and CV
Mission statement of business (reason for existing)
Objectives (Goals business wants to reach)
Products and market description (research on market and competitors)
Product details
Human resources
Wages
Finance (predictions on future sales and costs)
Time scales
2
Q
Benefits of a business plan
A
To show to bank and investors and help persuade them into helping your business
