MGTA01H3 Chapter Notes - Chapter 7: Business Plan, General Partnership, Sole Proprietorship
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MGTA01H3 Full Course Notes
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Document Summary
The writen document that lays out all the things that you need to do, and have to happen, if the business you are planning is to succeed. Can test various assumpions, build models and idenify where more experise, more resources, or more research needs to be done. A business needs suppliers, customers, growth and addiional capital, so it should seek for help, advice and guidance. A business plan acts as an evidence of the planning and research that you have put into your business before staring and a proof of you being serious and organized. When people know what you are doing and how you going to do, what you need and want, what you have done and not have done, they know how they can assist, advice, and supply you. A decision to lend, invest or supply a new business depends enirely on the competence, credibility and character of the people who own and control the business.
