Getting Started (LC 2026) (Leaving Cert Business): Flashcards
📚Flashcards
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Practise the cards
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Business plan definition
Business plan definition
Formal doc: objectives, strategies, financial projections, operations
Business plan reason: Raises Finance
Business plan reason: Raises Finance
Convinces investors/lenders business is viable & likely profitable
Business plan reason: Sets Out Targets
Business plan reason: Sets Out Targets
Provides clear direction & focus with specific goals & steps
Business plan reason: Control
Business plan reason: Control
Set objectives & measure progress, identify deviations
Business plan reason: Solutions
Business plan reason: Solutions
Identifies potential issues in advance (e.g. cash flow shortages)
Business plan heading: Description of Business
Business plan heading: Description of Business
Proposition, founders, products, objectives, market, trends, advantages
Business plan heading: Marketing Plan
Business plan heading: Marketing Plan
Strategies using 4 Ps to attract customers & differentiate
The 4 Ps in Marketing Plan
The 4 Ps in Marketing Plan
Product, Price, Promotion, Place
Business plan heading: Production Plan
Business plan heading: Production Plan
Manufacturing process, equipment, quality assurance, logistics
Business plan heading: Finance Plan
Business plan heading: Finance Plan
Financial needs, funding sources, projections, cash flow forecasts