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 Form 1 Business Studies online lessons on entrepreneurship

Contents of a good business plan

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Answer Text:
-This is a written document that highlights the objectives of the business and steps to be followed in order to achieve these objectives. It indicates where the business is, where it wants to move to, how and when.
Contents of a good business plan
- Name of the business
-The product to be sold or produced
-Personnel to manage the business
-Amount of finance and other resources required
-The market to be served (customers)
-Types of employees required
-Projection (level of achievement in future in terms of profit)
-Summary of the plan.