Business plan

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  • Created by: Rhys33
  • Created on: 05-12-18 14:32
What must a business objective be?
Specific, measurebale, achieveable, realistic and time bound (SMART)
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Break even formula
Fixed costs/(Selling price per unit-gross margin)
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What must a business plan include? (5)
Finacial information, personal information, production plan, purpose and contents
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USP
Unique selling point
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3 advantages of a business plan
Considers all aspects of a business, incresed probability of investments and keeps the business on track
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3 disadvantages of a business plan
Costly, may have to change due to external factors and it is only a predicition
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Other cards in this set

Card 2

Front

Break even formula

Back

Fixed costs/(Selling price per unit-gross margin)

Card 3

Front

What must a business plan include? (5)

Back

Preview of the front of card 3

Card 4

Front

USP

Back

Preview of the front of card 4

Card 5

Front

3 advantages of a business plan

Back

Preview of the front of card 5
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