MGTA05H3 Chapter 8: Detailed Notes from the text
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MGTA05H3 Full Course Notes
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Document Summary
Business plan: the written document that lays out in a structured fashion, all the things that one needs to do or need to happen in order for the business to succeed. A business plan needs to be articulate and list all of the tasks, risks and assumptions related with starting up the business. An entrepreneur need for achievement dictates that they would only take a risk if they know that the goal can be achieved. Entrepreneurs should keep in mind 2 audiences when writing their business plan. Under canada"s market system, entrepreneurship and business creation is actively encouraged. They make jobs, increase gdp and pay taxes. Therefore, business plan samples, outlines and tips are widely available to anyone. Resources: they need to address the amount of money that will be required. It should project future amount of revenue and profits and costs.
