Why is using a business plan helpful?

  • Created by: ciara
  • Created on: 21-12-10 12:29

Business plans are useful firstly as they outline the aims and objectives of your specific business. Tyler would, for example,

- want to survive within his business

- next he would want to Breakeven, with providing the right amount of services for people

- lastly he would want to make a profit, which would only happen once he has payed back his bank loan of £150,000

Business plans also provide a financial plan. this would be especially…


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