UNIT 1 - Business in the real world - Unit 1.6 - Business planning
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- Created on: 13-03-19 20:09
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Unit 1.6.23 - What is business planning
A business plan is
a document setting out what a business does and what it hopes to achieve in the future.
Business planning - is the process of producing a business plan.
Purpose
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Help set up.
Planning - think ahead - gather ideas.
Many are inexperienced.
Help assess risk, anticipate problems.
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Raise Finance
Show investors or banks.
What they do with investment.
Likely return. Expected sales.
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Set objectives
Clear targets - motivate - help decision making.
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Co-ordinate action
How an objective will be achieved.
Resources, timing, targets.
Same for all areas of business.
Unit 1.6.24 - Problems and main sections
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