BusinessStudies.net - GCSE Revision for AQA Business Studies

1.6a Business Planning

A Business Plan

A business plan is an overview of:

Course Requirements

You should be able to:

The Purpose of a Business Plan

Components of a Business Plan

Owner's Personal Details

Illustration of a man in a suit

Why is this important?

Mission Statement

Illustration of a rocket

Why is this important?

Business Objectives

Illustration of a target

Why is this important?

Description of the Product / Service

Illustration of a teddy bear product

Why is this important?

Staffing Requirements

Illustration of a woman wearing PPE

Why is this important?

Manufacturing Information

Illustration of cogs

Why is this important?

Financial Information

Illustration of a pile of coins

Why is this important?

Business Plan Pros and Cons

Advantages
Disadvantages

Even though business plans have a lot of down-sides, they are still a vital part of setting-up a business. Investors will not support your business without a comprehensive plan.

The Prince's Trust has sample business plans which you can download: click here.