Business Plans MindMap
- Created by: Joe Munday
- Created on: 18-12-12 17:05
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- Business Plans
- The Purpose and Contents of a Business Plan
- Sets out the nature of the business, history and legal structure
- The product it offers, its USP and why the customers would buy it
- The aims and objective's of the firm and what it hopes to achieve
- Who needs a business plan?
- Producing a business plan can be very useful for anyone
- It can also be useful as a benchmark and the firm can measure its success against this
- It can also be useful to show investors or lenders
- Where does the information for the plan come from?
- Friends
- Financial Advisor
- Market Research
- Cash Flow Forecasts
- Experienced Colleagues
- Limitations of a business plan
- Can't be guaranteed and is only a prediction
- Many changes can occur
- Planning could be a potential waste of time
- The Purpose and Contents of a Business Plan
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