Main sections of a business plan gcse maths
Consideration is given to the role of information technology in marketing.
A balance of these eight elements will help you create a comprehensive and well-organised revision plan, regulated by frequent practice of both past papers and mock exams.
More unusual exam types, such as controlled coursework and performance exams, require their own unique attention. It will also help you identify which subjects, modules and topics require more work see below for more on this.
Contents of a business plan
Candidates need to understand the terms: price, sales, revenue, costs and profit and the relationship between these. However, from your revision desk, in the midst of a chilly April and with weeks of revision stretching out in front of you, the end can seem very far off. Who is involved in the start-up and what will they be doing? For example, Modern Foreign Languages tend to be highly content driven therefore requiring a good deal of factual memory learning , whereas English Literature will tend to be more essay-based therefore more concerned with form than specific content. Here is a summary of the key content: Executive summary: a brief page summary of the detail! It is important, therefore, that every area of study is covered at least once, and that nothing is glossed over. Candidates will not be expected to complete a cash flow statement. Sources of finance: here the figures from the cash flow forecast are taken and used to highlight what funding the business needs, and when. This is a description of how the entrepreneur expects investors to get a return on their investment. Poor planning is a major cause of business failure. Balancing this process with the demands of the exam timetable — for example, starting with a subject that appears early on in the exam timetable — makes for an extremely prudent approach.
Candidates should know the benefits and drawbacks of the different legal structures, including the appropriateness of gaining limited liability status, and the consequences of increasing the number and range of stakeholders.
Turn it into a poster Having created your plan, we encourage that they are scaled up and then printed off, ideally to A3 or even A2 size.
What are the main risks facing the business and how to handle them? An owner may decide to close a business if losses are being made, or if the level of profit is not enough to make trading risks or hours worked worthwhile.
Profit is the reward for risk-taking.
Business planning introduction
This allows you to establish a base from which, via further and regular assessment, you can judge your progress. Some entrepreneurs ignore planning and analysis and instead rely on their gut instinct. A balance of these eight elements will help you create a comprehensive and well-organised revision plan, regulated by frequent practice of both past papers and mock exams. Assuming that the plan is meant to be read by potential finance providers e. When considering place, candidates should recognise the growing importance of e-commerce and how it can extend the reach of businesses to include international markets. Subscribe Thanks. Business plans help to reduce risk and reassure stakeholders , such as banks. Who are the customers; how much will they buy and at what price? Ordering your subjects in an effective manner can help to do this. Subscribe to email updates from tutor2u Business Join s of fellow Business teachers and students all getting the tutor2u Business team's latest resources and support delivered fresh in their inbox every morning.
Candidates will not be expected to complete a cash flow statement. Not only should you refresh those areas to make sure you are not caught out due to overconfidence in the exam, but there may be certain topics or elements within the general subject or module that you are less familiar with.
Gcse business studies revision notes
A balance of these eight elements will help you create a comprehensive and well-organised revision plan, regulated by frequent practice of both past papers and mock exams. A business plan Most small businesses have very limited resources. Setting up a business involves risks and reward. Using a given scenario, candidates should be able to recommend appropriate marketing activities for a business with a limited budget. Candidates should be able to recommend possible solutions to cash flow problems, such as re-scheduling payments and receipts of income. What investment is required to launch and establish the business? What is the product and how is it different or unique? However, from your revision desk, in the midst of a chilly April and with weeks of revision stretching out in front of you, the end can seem very far off. Business plans help to reduce risk and reassure stakeholders , such as banks. However, it is vital that you also spend due time focusing on traditional areas of academic strength. Analysis is when a business interprets information. Marketing: the key elements of the marketing mix should be explained here. For example, scheduling English revision to appear early in your revision plan may provide useful when revising essay-based subjects such as History, Religious Studies and Politics later on. Initial and continual assessment As well as being an exercise in memory and assessment, revision should be a process of improvement. What experience and expertise do they bring?
The simple business plan is rarely shown to outsiders of the business. Sources of finance: here the figures from the cash flow forecast are taken and used to highlight what funding the business needs, and when.
Order your subjects strategically The best revision plans have an element of strategy to their creation.
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