Buisness-Topic 2-BUISNESS PLANS

HideShow resource information
  • Created by: edwards.l
  • Created on: 01-12-20 20:47
what is a business plan?
a document setting out a businesses future objectives and their strategies to meet them.
1 of 9
what are the purposes of a business plan
for: recruiting, gaining funding, to asses validity, to consolidate ideas, to prepare for failure and to help avoid any foreseeable problems
2 of 9
the negatives of making a business plan:
forecasts may be inaccurate, could be too structured and miss oppurtunities, fast and dynamic markets are difficult too predict and due to time the opportunity may have already passed.
3 of 9
the 5 parts of a business plan:
1.overview, 2. marketing plan, 3. operations plan, 4. human resources plan, 5. financial plan.
4 of 9
what organisations can help you plan a business plan
The Prince's trust, Chamber of commerce, Welsh/U.k. gov. and the Citizens Advice Bureau
5 of 9
what is the 4th part of a business plan
the Human Resources plan
6 of 9
what is included in the Marketing plan stage?
the target market, the competition and how you differ, the product or services, the market you will sell in, and the advertising/promotion that will be used.
7 of 9
what is in the financial plan?
the forecast/predictions, the break even analysis, profit margins and the sources of finance that you will use. what is in the obverz
8 of 9
what is in the overview/executive summary?
what the business is, its aims/goals, the owners experiences/support network/motivation, the shares/ownership structure and the name and any tag lines/slogans
9 of 9

Other cards in this set

Card 2

Front

what are the purposes of a business plan

Back

for: recruiting, gaining funding, to asses validity, to consolidate ideas, to prepare for failure and to help avoid any foreseeable problems

Card 3

Front

the negatives of making a business plan:

Back

Preview of the front of card 3

Card 4

Front

the 5 parts of a business plan:

Back

Preview of the front of card 4

Card 5

Front

what organisations can help you plan a business plan

Back

Preview of the front of card 5
View more cards

Comments

No comments have yet been made

Similar Business resources:

See all Business resources »See all business plans resources »