Business plan
A business plan explains an enterprise’s objectives, offering, market, operations, resources, risks and financial expectations. It connects assumptions about customers and activities with funding and cash-flow needs. Its usefulness depends on credible evidence, realistic scenarios and review; it is neither a guarantee of success nor the same as a project-specific business case.
Worked example
A start-up links expected customer numbers and prices to staffing, equipment and cash needs, then tests what happens if sales begin three months later than planned.
Common mistake
Presenting optimistic forecasts without explaining assumptions or ignoring the timing of cash receipts and payments.
Where it appears in your exams
| Qualification | Exam | Relationship | Period |
|---|---|---|---|
| ACCA | BT | Supporting | September 2026–June 2027 |
| FIA | FBT | Supporting | September 2026–June 2027 |