The Business Plan
This item is included in the following series/curriculum: Small Business Management
- Grade Level: Junior High (7-9)-Adult
- Subjects: Entrepreneurs / Small Business
- Produced By: VEA Group Pty Ltd
- Year: 2009
- Country: Australia
- Language: English
- Running Time: 28m
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A business plan is one of the most useful management tools the small business owner can use. It provides direction for set up and through the tough first years until the business achieves profitability. It is like a road map to succeed. A business plan is a detailed written report that sets out the objectives, operations and financial aspects of the proposed business venture. It is a vital document for a business to get off the drawing board and to succeed. The business plan also provides information that potential lenders of finance will require for the business owner to secure a business loan. It shows that the business is organized and well managed, and not a risky venture.