The importance of having a business plan and the factors that can affect it.

The first 200 words of this essay...

Business Plan A01- task1

Introduction - Why is a business plan created?

A business plan is on the whole a calculation of what the business intends to do and what will happen when they do this. It is a word document which explains the business and sets goals for the business to complete as well as the reasons why they are seen as achievable and how to achieve these goals.

Business plans don't necessarily have to be simply for profit, they can also be made to set service goals as well as growth goals. Each part of a business plan has an individual purpose to complete and can tell stakeholders in the company what the business needs to do, to complete the objectives.

For example the financial section is the section of the business plan that works out the required funds for the start-up of the business with an idea of whether or not it is financially viable.

A Business plan covers many points such as, Is there a gap in the market, if not there is a possibility that you could open your business which is not already out yet. How big is the