Business: Section 1 (Business Plans)

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  • Business Plans
    • Outlines what a new business will do and how it aims to do it.
    • To convince financial backers its a sound investment.
    • If the business is a bad idea it allows financial backers or owner to realise before they waste money
    • The Seven Sections
      • Personal Details.
      • Mission Statement (Broad aims)
      • Objectives (Specific Aims)
      • Product Description + Marketing Strategy
      • Production Details
      • Staffing Requirements
      • Finance (Profit Loss Account + Balance Sheet)

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