Developing Business Plans Flashcards
1
Q
What is a Business plan?
A
A document designed to allow a business to plan for the future, this will include the four main areas.
2
Q
What are the four main parts of a business plan?
A
- Finance
- Human resources
- Marketing
4.
3
Q
Sources of help and guidance for business planning
A
Small business advisors
Accountants and bank managers
Government agencies
4
Q
Resources needed to create a business plan
A
Time Determination Vision Numbers Planning
5
Q
Problems for small businesses
A
Time consuming
Expensive
Opportunity cost
