1. 1.4 Developing business plans

2. Candidates should be able to: explain the purpose of a business plan list the contents of a business plan analyse the benefits and problems of planning for small businesses give examples of possible sources of information and guidance

3. What is a business plan? A document designed to allow a business to plan for the f________, identify and allocate key r_________ and prepare for problems and o______________

4. Why is a business plan useful?

5. What does a business plan contain?

6. Resources needed to create a business plan

7. Problems for small business planning

8. Sources of help and guidance