Chapter 4- Business plan Flashcards
0
Q
Give the benefit of a business plan
A
- It is useful in helping entrepreneurs clarify their objectives
- It enables owner to know precisely what needs to be done in order to meet their business objective
1
Q
What is the purpose of a business plan?
A
A business plan is a report describing the marketing strategy, operational issues an even financial implications of a business start-up
2
Q
What are the contents of a business plan?
A
- Detail
- Objectives of the firm
- SWOT Analysis
- Marketing Plan
- Production Plan
3
Q
Name sources of information and guidance
A
- Accountant and Bank Manager
- Business Link
- Local Agencies
4
Q
What is Business Link?
A
Business Link is a government-funded service that provide the information, advice and support needed to start, maintain and grow a business.
5
Q
What is Prince Trust?
A
Prince trust offers both help and, often, funding entrepreneurs aged 18-30
6
Q
What are individual advisers?
A
Individual advisers, specialising in small businesses, can provide guidance and support.
