a document setting out a businesses future objectives and their strategies to meet them.
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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
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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.
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
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what is the 4th part of a business plan
the Human Resources plan
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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.
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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
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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
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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
Card 4
Front
the 5 parts of a business plan:
Back
Card 5
Front
what organisations can help you plan a business plan
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