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Planning a Business (Why is planning important (By making plans, a…

- - - - Protect the environment
      - Provide a service to local community
      - Tackle a social cause
      - Sell to global market
      - Become a market leader
- - - - Market Research
        
        Details of business's target market
        
        Details of business's main competitors
        
        How Product/Service will promoted
        
        Any market research already carried out
        
        Price of Product/Service and Location of Sale
      - Fixed Assets
        
        Details of business's premises
        
        Details of any vehicles, machinery or other fixed assets owned by business
        
        Total value of business's fixed assets
      - Product or Service
        
        The Unique Selling Point (USP) of product/service
        
        Description of Product/Service offered
      - Finance
        
        Details of any existing loans the business has
        
        Details of the business's existing funds
        
        How much funding is required
        
        When and how loan will be repaid
      - Business details
        
        Mission Statement
        
        Type of business (sole trader, ltd . etc.)
        
        Name and Address of business
        
        Details of Owners, Directors and Key Empolyees