The Business Plan

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1) A business plan is an outline of .... a new business will do and ... it aims to do it
what ... how
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2) It forces the ..... to think carefully about .... the business is going to do and what ......... are needed
owner ... what ... resources
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3) This will allow them to ......... how much start-up ....... is needed
calculate ... capital
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4) It can be used to convince ..... that the business is a sound ..........
banks ... investment
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5) Most business plans contain at least ..... sections
seven
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6) PERSONAL DETAILS: the ..... and important ......... (e.g. their CV's)
owner ... personnel
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7) MISSION STATEMENT: describing the broad .... of the company
aims
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8) OBJECTIVES: more ........ than aims
specific
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9) PRODUCT DESCRITION: details of the ...... and ........... How the firm will achieve product ............... Describe its marketing ........ Its should all be suported by ........
market ... competitors ... differentiation ... strategy ... research
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10) PRODUCT DETAILS: how the firm will make its ........ / provide its ....... All the ......... and its ........
products ... services ... equipment ... location
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11) STAFFING REQUIREMENTS: How many people needed. Their job ............ and the expected .... bill
descriptions ... wage
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12) FINANCE: How much ..... is needed to start up. Cash .... forcast. Projected ...... and .... account and a ....... sheet.
money ... flow ... profit ... loss ... balance
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13) Some risks and uncertainties which can't be controlled are: 1) the ....... and 2) actions of ...........
economy ... competitors
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Other cards in this set

Card 2

Front

2) It forces the ..... to think carefully about .... the business is going to do and what ......... are needed

Back

owner ... what ... resources

Card 3

Front

3) This will allow them to ......... how much start-up ....... is needed

Back

Preview of the front of card 3

Card 4

Front

4) It can be used to convince ..... that the business is a sound ..........

Back

Preview of the front of card 4

Card 5

Front

5) Most business plans contain at least ..... sections

Back

Preview of the front of card 5
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