Business plan definition gcse english

Subscribe Thanks. A business plan is a report by a new or existing business that contains all of its research findings and explains why the firm hopes to succeed. Balancing this process with the demands of the exam timetable — for example, starting with a subject that appears early on in the exam timetable — makes for an extremely prudent approach.

Setting up a business involves risks and reward.

basic business plan

The business plan has many functions, from securing external funding to measuring success within the business. Revision: from GCSE to A-level it is all about the scheme Depending on your learning style, you may find one easier than the other.

business plan topics

Financial projections: a summary of the cash flow and trading forecasts. However, while I encourage you to stick to your plan as much as possible, you must be able to exert a degree of flexibility. At what stage will the business break-even and what are the likely profits? Benefits of business planning to a start-up The main reasons why a start-up should produce a business plan are: Provides a focus on the business idea - is it really a good one, and why?

Falling behind early could mean that a crucial area is missed out, resulting in valuable marks being dropped. For example, scheduling English revision to appear early in your revision plan may provide useful when revising essay-based subjects such as History, Religious Studies and Politics later on.

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Why set up a business?