CH4- BUS PLANS Flashcards
0
Q
BENEFITS OF A BUSINESS PLAN
A
Clarify objectives
Know what needs to be done to meet these objectives
Essential document used to persuade lenders to invest capital
1
Q
BUSINESS PLAN
A
A report describing the market strategy, operational issues and financial implications of a business start-up.
2
Q
PROBLEMS WITH A BUSINESS PLAN
A
Has to be realistic and accurate
Often take an optimistic view of the potential of a business
3
Q
CONTENT OF A BUSINESS PLAN
A
Details about the business
Personal info
Objectives
Marketing plan
Production plan
Fixed assets
Financial forecast
Details of finance needed and repayment
Collateral offered
Long-term plans
SWOT analysis
