Busniness Plan Flashcards
1
Q
What is a business plan
A
Document that a business puts together prior to opening that outlines the business goals
2
Q
Benefits of business plan
A
Market research Sensitive target Motivation Gives direction Presentable Helps get funding Limits risks Evaluates the business
3
Q
Disadvantages of business plan
A
Plan might not be good
Time consuming
Cost
Doesn’t guarantee sucess
