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GCSE Business 2020-2022 OCR

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Question:

What should be on a Business Plan?

Author: eric_galvao



Answer:

-The Idea; a description of the business [idea] -Where it came from, and why its good [idea] -Objectives and key Targets for the Business [sales, profit, growth and a sense of Direction. This is for the next 3-4 years] -Finance needed. How much from Owners, and how much to be loaned -Market overview; the summary of Market Research, Segments, Size, Growth, Shares and Competitors. [known] -How it will operate [location, premises, staff, distribution methods] -Cash flow forecast. -Forecast revenue. Costs and Profits


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