Business plan: GCSE Business Definition
Written by: Lisa Eades
Reviewed by: Steve Vorster
Published
Read time
1 minutes
Contents
What is a business plan?
In GCSE Business, a business plan is a detailed document that sets out the key goals, strategies and financial projections of a business.
The main aim of producing a business plan is to reduce the risk associated with starting a new business. It can help the owners raise finance and identify the resources needed to set up and operate the business effectively. Producing a business plan forces the owner to think about every aspect of the business before they start, which should reduce the chance of failure.
Contents of a business plan
Although the contents of business plans can vary, they typically include the following elements:
Business Plan Revision Resources to Ace Your Exams
Save My Exams has a great range of resources to explore the topic of business plans further.
Read our GCSE Business revision notes on Business Planning or test your knowledge of elements of the business plan with our exam questions to improve your grades.
Sign up for articles sent directly to your inbox
Receive news, articles and guides directly from our team of experts.
Share this article
written revision resources that improve your