Business Plans MindMap

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  • Business Plans
    • The Purpose and Contents of a Business Plan
      • Sets out the nature  of the business, history and legal  structure
      • The  product it offers, its USP and why the customers would buy it
      • The aims and objective's of the firm and what it hopes to achieve
    • Who needs a  business plan?
      • Producing a business plan can be very useful for anyone
      • It can also be useful as a benchmark and the firm can measure its success against this
      • It can also be useful to show investors or lenders
    • Where does the information for the plan come from?
      • Friends
      • Financial Advisor
      • Market Research
      • Cash  Flow Forecasts
      • Experienced Colleagues
    • Limitations of a business plan
      • Can't be guaranteed and is only a prediction
      • Many changes can occur
      • Planning could be a potential waste of time

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