Planning the start up of a business
- Created by: Izzie
- Created on: 02-05-17 18:01
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- Planning
- Contents
- Executive summary (synopsis of entire plan looking at important points)
- Business and products or service
- The market
- Marketing strategy
- Skills of entrepreneur and employees
- Operations
- Financial Forecast
- The purpose?
- To secure external funding
- Ensures a firm develops healthy financial structure
- Help identify problem areas
- Set targets and focus on firms development
- To provide realistic expectations of what can be achieved
- Shows the entrepreneur is organised
- Gives clear objectives
- Evidence of research to support and financial sales forecasts
- Provide detailed financial forecasts (e.g. cash flow forecast, budgeting, forecast financial docs)
- Contents
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