The components of a traditional business plan:
including vision, purpose, summary of proposition, outline of rewards
e.g. sole trader, business partnership, limited partnership, limited liability partnership, limited company
including requirements, potential sources of finance
including local, national and international business environment, market research, competitor analysis
including financial and non-financial key performance measures and SMART (Specific, Measurable, Achievable, Realistic, Time-constrained) targets:
o financial, e.g. market share, sales, turnover, profit and profit margins
o non-financial, e.g. analysis of performance against business vision, mission, aims and objectives, customer satisfaction, product reliability
e.g. personal profile of the owner, decision making and reporting structures in the business, advisers, prototype of the product or service.
Links to Learning Outcomes |
Links to Assessment criteria |
|
|---|---|---|
|
C2 Traditional business planning |
Anonymous Assessment - Learners assess an anonymous piece of work containing deliberate mistakes against given success criteria.