Business Plan Flashcards
(3 cards)
1
Q
Business Plan
A
A document designed to allow a business to plan for the future, allocate recourses, identify key decisions and prepare for problem and opportunities
2
Q
Positives of a Business Plan
A
Clarify their objectives Financial forecast Outlines future costs Vision for owners Identify risk/problems Identify competitors
3
Q
Negatives of a Business Plan
A
Takes time
Costs money
Optimistic plan
Just a prediction
