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Business Types
Partnership
Sole Trader
Private Limited Company (Ltd)
PUBLIC Limited Company (PLC)
What type of company do you think Hik U is? Give reasons for your answer…

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Business Objectives
Hik U
Business objectives are …

3. Changing Business Objectives
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Changing Business Objectives
Why might Hik U change their objectives during the year
Circle the reason above you think is the most important and write the reason for this below….

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Business Planning
What goes into a business plan?
Plans are important to a business because…
What specific things should Hik U have in their business plan for the following year ? Relate this to the scenario.

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Business Plan (cont..)
Using the previous page, and your own notes, can you create business plan that Hik U may use?
Business Name:
Type of Business:
Business Description:   
Business Products:
Business Objectives: 
Contingency Plan:
Target Market for products:

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Stakeholders
A stakeholder is ….
Internal for Hik U
External for Hik U
Which stakeholder do you think is the most important for Hik U – give your reasons below…