The Business Plan (Junior Cert Business Studies): Flashcards
📚Flashcards
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15 cards from this deck
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Practise the cards
15 cards from this deck
Business plan definition
Business plan definition
Document outlining company goals & how to achieve them
How many main sections in a business plan?
How many main sections in a business plan?
Eight
SWOT analysis components
SWOT analysis components
Strengths, Weaknesses, Opportunities, Threats
SWOT: Strengths
SWOT: Strengths
Internal positive factors business can leverage
SWOT: Weaknesses
SWOT: Weaknesses
Internal areas needing improvement
SWOT: Opportunities
SWOT: Opportunities
External factors that could benefit business
SWOT: Threats
SWOT: Threats
External challenges that could harm business
4Ps of marketing mix
4Ps of marketing mix
Product, Price, Place, Promotion
How many main reasons for developing business plan?
How many main reasons for developing business plan?
Four
Business plan reason: raising finance
Business plan reason: raising finance
To get loans/grants from banks & financial institutions
Business plan reason: measuring success
Business plan reason: measuring success
To set benchmarks & monitor progress
Stakeholders are
Stakeholders are
Individuals/groups/organisations interested in business activities
LEO stands for
LEO stands for
Local Enterprise Offices
What investors seek in business plan
What investors seek in business plan
Potential returns (dividends) on their investment
Document showing money in & out of business
Document showing money in & out of business
Cash flow budget