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WorksheetsBS week 2 - Business Plan
Total questions: 5
Worksheet time: 3mins
What is usually in the first section of a business plan?
Business aims and objectives
Revenue forecast
Business idea
Why would a bank primarily be interested in seeing a business plan?
To determine whether a business would be able to pay back a loan
To determine whether a business is ethical
To check a business’ aims and objectives
How can a business plan be used to minimise risk for a business?
It tells an entrepreneur exactly how much profit they will make
It shows an entrepreneur how many products they will definitely sell
It allows an entrepreneur to make informed decisions about their business
What acronym is used when creating business objectives?
SWOT
SMART
PESTLE
What is a business plan?
Written document that only outlines the business practices of the new business.
Written document that only describes the ownership of the business.
Written document that describes the financial aspects of the business.
Written document that describes all the steps necessary for opening and operating a successful business.
