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Team:Sheffield/sociobricks/Part:SBa F2003/information
From 2014.igem.org
Registry of Standard Policy and Practice Parts
SBa_F2003: Business Plan
Contents |
Strengths
A business plan will help to understand whether or not the business is feasible in terms of costs and profits.
Once the plan is complete, it can be compared to existing products or businesses to understand and justify why this is a better option.
Limitations
It can be a time consuming task to generate a business plan.
Not all of the important costs and factors may have been considered; if this is wrong, the entire business initiative could fail.
Further information
- Pinson, Linda. (2004). Anatomy of a Business Plan: A Step-by-Step Guide to Building a Business and Securing Your Company’s Future (6th Edition). Page 20. Dearborn Trade: Chicago, USA.
- Eric S. Siegel, Brian R. Ford, Jay M. Bornstein (1993), 'The Ernst & Young Business Plan Guide' (New York: John Wiley and Sons
