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...
Outlines options and risks involved in setting up a business, and shows how to avoid failure by focusing on the planning stage and building on this framework as the business develops. Offers factual information required to prepare a successful business plan for presentation to a bank manager or other source of finance, or for use in an NVQ portfolio. Material is based around the UK's Small Firms Enterprise Development Initiative for first time owner-managers, and can be used for a formal NVQ level 3 qualification. Butler teaches at South Kent College. Annotation c. Book News, Inc., Portland, OR
The importance of business planning; The structure of the business plan; The business idea; Personal skills and abilities; Identifying relevant legislation; Financial planning; Financial controls; Sources of finance; Sales and marketing; Monitoring and controlling quality; Customer service; Premises requirements; Physical resource requirements; Recruiting and employing staff; Formulating the business plan; The NVQ assessment process; Appendix; Index