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Business Unit 1
1.4 Business Planning
Main Sections of a Business Plan
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Eddie
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Cards (7)
Business Idea - What
product
or
service
the
business
will
provide.
The
aims
of the business - By using the
SMART objectives.
Financial Information
- Includes the
cash flow forecast
,
projected sales
,
projected costs
, etc.
The Owner's CV - Helps to
identify
if they have the
skills
to make the business
work.
Marketing
Mix
- How the
business
will set
price
/
product
/
range
/
attract customers
/
market research.
Location of the Business -
Assesses
the
suitability
in relation to
main factors.
Type of Workers to be
Employed
- To ensure they have the
resources
to
provide
a
service.