Business – 1.1 Enterprise – Business plans | e-Consult
1.1 Enterprise – Business plans (1 questions)
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A business plan is a written document that sets out the objectives of a business, the strategy for achieving them, and the resources required. It serves as a roadmap for the entrepreneur and a communication tool for stakeholders.
Key components typically include:
- Executive summary
- Business description and vision
- Market analysis
- Organisation and management structure
- Products or services offering
- Marketing and sales strategy
- Operational plan
- Financial projections (cash flow, profit & loss, balance sheet)
- Risk assessment and contingency plans