Business plans

• Outlines what the business will hope to achieve and how it will
• Producing a business plan allows lenders (e.g. banks) and other investors to analyse the plan and make an informed decision about providing a loan
• • Having carried out research to support the plan, the business will be well-informed about the potential problems and chance of success and can select the most appropriate source of finance based on this information 
•  business plan is a document produced by the owner at start-up, which provides forecasts of items such as sales, costs and cash flow
• Purpose of a businesses plan:

  1.To help set up a new business

  2.To help the business raise finance

  3.To help the business to set objectives

  4.To outline how functions of the business will be organised