Business Plans – GCSE Business Studies Revision

What’s a business plan?

 
  • It’s a formal document that properly sets out your business idea, showing how it will be successful
  • It also states how much money will be needed and where it will come from

Why have a business plan?

  • Having one helps you reduce the risks involved in starting your business because it encourages you to think about all the aspects of the business
  • It also helps to persuade the bank to give you a loan to start your business
  • Shareholders and partners will also want to see your business plan

What’s in a business plan:

  • A cash flow forecast
  • The location of the business
  • How the product or service will be marketed
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About Matt

I like writing, filmmaking, programming and gaming, and prefer creating media to consuming it. On the topic of consumption, I'm also a big fan of eating.
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18 Responses to Business Plans – GCSE Business Studies Revision

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