Business Plans
- Created by: emilyrrich
- Created on: 09-07-18 13:51
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- Business Plans
- Details of how a business aims to achieve its objectives.
- Written before a business starts or when there is a major change.
- Contents
- Business Idea
- People running the business
- Market research
- Finance
- Objectives
- Target market
- Competitors
- Role
- Identifies markets
- Helps with finance
- Identifies resources a business needs to operate
- Achieves business aims and objectives
- Importance
- It may not identify the correct market or resources and staff it needs to succeed without a business plan.
- Usefulness
- Not writing a plan will put greater risk on the business because initial ideas may not have been fully thought through.
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