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Business Plan E

JC-Business Plan and SWOC

QuestionAnswer
A statement of the goals of a business Business plan
Positive areas of the business Strengths
Problem areas of the business Weaknesses
Factors that help a business become successful Opportunities
Factors that can stop a business become successful Challenges
Looks at the Strengths, Weaknesses, Opportunities and Challenges SWOC
A good plan should be SMART
S in Smart stands for Specific
M in SMART stands for Measurable
A in SMART stands for Agreed
R in SMART stands for Realistic
T in SMART stands for Timing
The main elements of a business plan Description of the business, main people involved, marketing mix, fixed assets and money required for a business
Created by: MJKG
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