Business Plan Flashcards
1
Q
What is a business plan?
A
Report detailing how a business sets to achieve its goals and objectives.
2
Q
What is a use of a business plan?
A
Useful to secure a loan or an investment or to re-assure financial leaders such as shareholders or stakeholders
3
Q
Factors of a business plan?
A
The business
The product
The Market
The finance
The employees
The marketing
4
Q
ADV of business plans
A
Forms strategies focus
Framework to manage priorities
Help change in the firm
5
Q
DIs of business plans
A
Time consuming
Difficult to produce
