1.4.4 Business plans Flashcards
1
Q
What is a business plan?
A
A document prepared by entrepreneurs which summarise the future objectives of the proposed business and shows how they will be achieved
2
Q
Why do entrepreneurs use business plans?
A
Help raise money from banks and venture capitalists
3
Q
What does a business plan contain?
A
The business idea
Business aims and objectives
Target market
Forecast revenue, Cost and Profit
Cash-flow forecast
Sources of finance
Location
Marketing mix
