11.1.Information about Business Planning Why Write a Business Plan The business plan is an essential business tool. It is a document that sets out how the co-operative will operate. It will help you focus your ideas and should be produced whether or not you need to raise finance for your business. It will clarify the objectives of the co-op. What do the members want from the co-operative and what are the benefits By preparing financial …
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showed last 75 words of 10434 total
…wish to invest for a share of future profits. Contact? Bank Based Finance Most banks have a long-term commitment to business growth and have a range of loans that can be tailored for various requirements. Overdraft facilities are generally available for working capital and will usually be reviewed annually. Loans are generally for longer-term finance or asset purchases. One to twenty-five year terms are available. The banks will assess three major areas: Business viability T