Business Planning: A Guide to Business Start-Up
A readable and structured guide for the increasing numbers of people each year who consider setting up a small business or becoming self-employed.
'Business Planning' outlines the options and risks involved in setting up a business. The importance of thorough planning is often overlooked and only becomes evident if the business fails. This is highlighted in a recent study by the SFEDI of 486 bankers and accountants where lack of planning was the most common reason cited as to why businesses fail. 'Business Planning' shows how to avoid this failure by focusing on the planning stage and building on this framework as the business develops.
This is the only book based around the Small Firms Enterprise Development Initiative (SFEDI) for first time owner-managers. It contains all the underpinning factual information required to prepare and present a successful Business Plan for presentation to a bank manager, or an alternative potential source of finance, or for use in an NVQ portfolio. It is in line with the major syllabuses for Business Start-Up, and can be used as a course book for anyone completing a formal NVQ level 3 qualification in this area, with tips on NVQ structure and assessment.
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Chapter 1 The importance of business planning
Chapter 2 The structure of the business plan
Chapter 3 The business idea
Chapter 4 Personal skills and abilities
Chapter 5 Identifying relevant legislation
Chapter 6 Financial planning
Chapter 7 Financial controls
Chapter 8 Sources of finance
Chapter 11 Customer service
Chapter 12 Premises requirements
Chapter 13 Physical resource requirements
Chapter 14 Recruiting and employing staff
Chapter 15 Formulating the business plan
Chapter 16 The NVQ assessment process
Appendix Summary of Units and Elements of the revised Owner Manager NVQ standards
Chapter 9 Sales and marketing
Chapter 10 Monitoring and controlling quality
711 Chapter accounts achieve advertising Alternative Investment Market areas assessment assets bank manager basic basis breakeven budget budgetary plan Building Regulations approval business plan capital cash flow forecast cent clients competence costs debt detail Double-entry book-keeping employ employer employment ensure example expenditure expensive hire purchase identify important income interest investment involved legislation Level 3 Business liability limited company loans market research marketing mix marketing plan ment monitoring National Vocational Qualifications ness NVQ Level offer operate options organization owner owner-manager partnership payment period potential premises problems products or services profit margins proposed business qualifications quality systems questions rates regular relevant repayments requirements response revenue sell SFEDI skills small business small firms sole trader specific staff stage start-up suppliers SWOT analysis targets tion trade turnover