Business plans

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4 Terms

1
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Business plans

Written document that explains what business wants to achieve, how it will attract people, managing finance, market research

2
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Why do business make business plans

set aims and objectives, secure finance, measure performance

3
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ADV of business plan

1)help obtain finance, provides direction(motivates to achieve), improves decision making

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What are disadv of business plan

1)Time consuming 2)expensive 3)can become outdated 4)only a plan