Produce a business plan for a new venture – Unit Standard 119670

Lessons

The elements of a business plan

Author: acoustic

The main objective of a business plan is to explain to a reader what the nature of the enterprise is and what its business strategy for the following three or more years will be.

Contents of the business plan

Author: acoustic

The business plan must be clearly presented. If it is not clearly presented, it can indicate that the necessary management skills are lacking. The business plan must contain a management summary and a list of contents, after which all elements of the business plan must be dealt with systematically. It must not be a theoretical document without action plans.