Introduction to entrepreneurship/IENT102/Planning/Elements

So what is a business plan?

In simple terms it is a guide that details what the business wants to achieve and how it is going to do this . It is a plan that gives the information that you need at this moment. What's in it depends on who the plan is for. If it will be used to obtain finance it will have more detail and be more formal than a plan that will just be used in-house.

Video: What is a business plan?

This video discusses what a business plan is and is not.

(:  SW - use this video for Video signpost. Maybe use this resource as a reading instead: [1] or this one [2] or this one South Africa)

What is a business plan? (3:25)

WEnote

Do a Web search for the definition of a business plan.

Post the definition you feel fits with a new small business, with the URL. Briefly explain why you chose this definition.

Post your comment(s) below and then look on the course feed page to see what others have posted.

If you prefer you can create a post on your learning journal blog. Be sure to label or tag your post IENT102.
Note: Your comment will be displayed in the course feed.

(: Wayne is there enough space in a WEnote for this activity?)

References