To create spreadsheets to record sales, to make a customer database, to create and maintain a website or social media account and to create the business plan especially the financial forecast.
1 of 6
Why create a business plan?
To monitor the progress of a business, to gain the banks loan, to interest shareholders and to reassure suppliers.
2 of 6
What are the STRENGHTS of a bank Loan?
The bank will not gain any percentage of the profit, Interest rates are low and Sheena will have more independence.
3 of 6
What are the WEAKNESSES of a bank loan?
May lose helicopter, might not get the loan, repayments may be fixed months so, Sheena may struggle to repay them since the business seems to be seasonal.
4 of 6
What are the STRENGHTS of selling shares?
No cost of borrowing, her father has enough money
5 of 6
What are the WEAKNESSES of selling shares?
Sheena will get less profit, can only sell to friends and family, Shareholders will get part of the business and conflict can occur between shareholders.
6 of 6
Other cards in this set
Card 2
Front
Why create a business plan?
Back
To monitor the progress of a business, to gain the banks loan, to interest shareholders and to reassure suppliers.
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