BUSINESS PLAN KNEC NOTES
| Institution | College |
| Course | Diploma in Business... |
| Year | 1st Year |
| Semester | Unknown |
| Posted By | Mwalimu Evans Okoyo. |
| File Type | |
| Pages | 41 Pages |
| File Size | 749.24 KB |
| Views | 9372 |
| Downloads | 3 |
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Description
A business plan is a written document which describes goals and objectives of a business and clearly lists the steps that will be taken to achieve them.
Business plans are commonly used to: Obtain business finance from banks and other financial institutions, Provide guidelines for opening a new business or expanding an existing one and Serve as a tool for managing every aspect of business operation, Communicate to outsiders about the goals, objectives and activities of a business.
Below is the document preview.
Financial Management Notes
Business finance is the process by which a financial manager/accountant provides finance for business use as and when it is needed. This provision has to be undertaken on the basis of the needs of a company. On the other hand, Financial Management is a branch of economies concerned with the generation and allocation of scarce resources to the most efficient user within the economy (or the firm).
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