Business plan

The business idea can be based on experience, insight or invention of the entrepreneur.

Creating a business plan is one of the most important steps in starting a new business. In this section, we will go over some key points of the business plan and get you thinking about different perspectives.

Financial administration 2/4

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  • Business plan

    Your own business idea may be based on your experiences, ideas or invention.

    Preparing a business plan is one of the most significant phases in the early stage of the business. In this section, we will go through a couple of key points of the business plan and encourage you to consider different perspectives.

    LTS (liiketoimintasuunnitelma) is an abbreviation of the business plan.

    You have already written down your business idea. See your answer below. If you want, you can now supplement your answer.

    SWOT analysis

    SWOT analysis with four elements is a simple and commonly used business analysis method. The SWOT analysis presents the strengths, weaknesses, opportunities and threats of the business idea, entrepreneur and company. It can be used for all company forms.

    Fill in the SWOT analysis of your company with the help of the headers below.

  • Describe the strengths of your business idea and product here.
  • Describe the weaknesses of your business idea and product here.
  • Describe the opportunities of your business idea and product here.
  • Describe the threats to your business idea and product here.
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  • Description of the operations

  • Describe the operations of your company as precisely as possible. What? For whom? Why?
  • Describe the services and products of your company as precisely as possible. What? For whom? Why?
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  • Competitors

    The restaurant business in particular, i.e. different restaurants and cafes, is an extremely competitive sector offering similar products or services.

    Try to create an innovative business idea and consider who your possible competitors are and how your restaurant will stand out.