1.2 Business Planning

Cards (3)

  • Purpose of a business plan:

    • To reduce risk
    • To help the business succeed
  • A business plan:
    Details how a business aims to achieve it’s objectives
  • Contents of a business plan:

    • Idea of the business
    • Identify markets
    • Helping with finance
    • Identifying resources needed
    • Achieving aims and objectives
    • Identifying competition