business plans

Question 1

define business plan

Answer 1

blue print for start up of business
objectives of business
shows components such as human resources and finances

Question 2

advantages of business plan

Answer 2

• provides focus
• measures financial viability
• useful for investors

Question 3

disadvantages of business plan

Answer 3

• opportunity costs
• over optimistic
• too detailed

Question 4

sources of aid for entrepreneurs

Answer 4

• prince’s trust
• business angels
• chamber of commerce