PEST Analysis: Considering Political, Economic, Social, and Technological factors. Business Planning and Documentation
Cash Flow Forecasting: Predicting the flow of money in and out to ensure the business stays liquid. Marketing and Communication igcse enterprise notes pdf
Every enterprise involves risk. Managing these risks and operating ethically are vital for long-term sustainability. Managing these risks and operating ethically are vital
Action Plans: Detailed "to-do" lists with specific deadlines and assigned responsibilities. Task 2: Planning the enterprise (The Business Plan)
Task 1: Identifying a project and conducting market research. Task 2: Planning the enterprise (The Business Plan). Task 3: Implementing the enterprise (The Action Plan). Task 4: Evaluating the project and your own performance. Revision Tips for Exam Success
Practice Calculations: Ensure you are comfortable with break-even and cash flow formulas.
Sources of Finance: Personal savings, bank loans, crowdfunding, or government grants.