Developing Business Plans Flashcards
1
Q
Purposes of a business plan
A
To set objectives
Guide the entrepreneur towards actions needed to meet objectives
Outside lenders to invest capital in business by demonstrating why it’ll succeed
To help in the running of the business
To encourage entrepreneurs to plan ahead
2
Q
Sources of information and guidance for a business
A
Accountants Bank managers Business link Prince's Trust and PRIME Local enterprise agencies Chambers of commerce Trade associations
3
Q
Business plan definition
A
A report describing the marketing strategy, operational issues and financial implications of a business start-up
