Ask Question
BusinessBusiness
28 December, 22:58

Describe the role of the business plan. What ought to be included in a business plan?

+1
Answers (1)
  1. 28 December, 23:06
    0
    Business plans are generally used for proposing the statement of creating and upholding a business with a person of interest (usually an investor or bank) and can also serve as a sort of "guideline" for the company to follow when changing their structures. In a business plan, you should include financial statements (if any), plans for the company (management, financial, strategies), and how you plan on making money with your projected business. Business plans also state the time allocated and spent towards achieving certain goals and plans and can also include a rough time frame in which the plans need to be achieved by (time management).

    Though, business plans can vary person to person, it doesn't always have to be in a specific format and can be loose as well.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Describe the role of the business plan. What ought to be included in a business plan? ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
After mary's gifts and cards surveyed its customers, it discovered that its customers preferred the company's competition more than 70 percent of the time. the most frequently cited reason was customer service.
Answers (1)
The date, time, and location of a local robbery would most likely be inlcuded in
Answers (1)
Productivity increases when a. outputs decrease while inputs remain the same. b. inputs decrease while outputs remain the same. c. inputs increase while outputs remain the same. d. inputs and outputs increase proportionately.
Answers (1)
On January 1, Year 1, Friedman Company purchased a truck that cost $33,000. The truck had an expected useful life of 100,000 miles over 8 years and an $7,000 salvage value. During Year 2, Friedman drove the truck 34,000 miles.
Answers (1)
Green Valley Company prepared the following trial balance at the end of its first year of operations ending December 31. To simplify the case, the amounts given are in thousands of dollars.
Answers (1)
New Questions in Business
In a recent study, young soccer players who were given task-oriented feedback from parents perceived their motivational climate as being more
Answers (1)
If in a perfectly competitive industry, the market price facing a firm is below its average total cost but above average variable cost at the output where marginal cost equals marginal revenue:a. the industry supply will not change. b.
Answers (1)
Under what circumstances is it advantageous for a taxpayer to make a nondeductible contribution to a traditional IRA rather than a contribution to a Roth IRA? Tax Payer Status Maximum AGI limit Starting phase out limit a. Married filing joint b.
Answers (1)
A production department's output for the most recent month consisted of 9,400 units completed and transferred to the next stage of production and 6,400 units in ending Work in Process inventory.
Answers (2)
Sharon Silver is an attorney in Los Angeles. Silver uses the directâ write-off method to account for uncollectible receivables. At April 30 comma 2018â, Silverâ's accounts receivable totaled $ 22 comma 000.
Answers (1)
Home » Business » Describe the role of the business plan. What ought to be included in a business plan?
Sign Up Forgot Password?