Business Plan

?
  • Created by: Talae
  • Created on: 19-02-16 03:12

Business Plan

Advantages

  • shows a clear target to make profit
  • its always there to refer to
  • aid possible investors

Disadvantages

  • has to be constantly updated
  • waste of time if the business does not follow the plan
  • take time and energy to make
  • there is no guarantee that it will help to make profit
  • can be expensive
  • unalterable

Evaluation

What a business plan contains:---- the idea ---- how it is different and unique ---- the target market segment ---- potential competitors ---- who the customers are and how much they will buy at what price ---- break even ---- the required finances ---- sources of finance ---- production

Comments

No comments have yet been made

Similar Business Studies resources:

See all Business Studies resources »See all - resources »