This website works best with JavaScript switched on. Please enable JavaScript

  • Centre Services
  • Associate Extranet
  • All About Maths

GCSE Business

  • Specification
  • Planning resources
  • Teaching resources
  • Assessment resources
  • Introduction
  • Specification at a glance
  • 3.1 Business in the real world
  • 3.2 Influences on business
  • 3.3 Business operations
  • 3.4 Human resources
  • 3.5 Marketing
  • 3.6 Finance
  • Scheme of assessment
  • General administration
  • Appendix: quantitative skills in business

 Business planning

3.1.6 Business planning

importance of business plan gcse

Skip to content

Get Revising

Join get revising, already a member, gcse business studies - what is a business plan.

A quick powerpoint explaining what a business plan is, how it is used, and why it is important to a business.

  • Created by: Rhys B-M
  • Created on: 05-12-11 13:13
  • Business Studies

No comments have yet been made

Similar Business Studies resources:

GCSE Business Studies Worksheets 5.0 / 5 based on 1 rating Teacher recommended

Business studies GCSE- Unit 2 0.0 / 5

OCR GCSE Business Studies 2012 Specification 0.0 / 5

Cash Flow (Business Studies Revision GCSE) 3.0 / 5 based on 2 ratings

Business Studies and the Environment (GCSE BBC Bitesize Revision) 3.0 / 5 based on 1 rating

Recruitment - Business Studies (GCSE BBC Bitesize Revision) 5.0 / 5 based on 1 rating Teacher recommended

AQA Business Studies GCSE Unit 1 0.0 / 5

Economy - Business Studies (GCSE BBC Bitesize Revision) 4.0 / 5 based on 1 rating

Breaking Even (Business Studies Revision GCSE) 5.0 / 5 based on 1 rating Teacher recommended

AQA GCSE Business Studies Unit 2 5.0 / 5 based on 1 rating Teacher recommended

Related discussions on The Student Room

  • Doing both Economics AND Business Studies for A Level? »
  • (Edexcel) A Level Business Study Group + Notes from an A-grade student 📚📊 📈 »
  • Should I take History or Business Studies IGCSE »
  • Results for GCSE »
  • University Choices »
  • What are the best business degrees to get? »
  • Computer Science Course »
  • PLZ HELP - Alevels »
  • Is this a good A level combination? »
  • Accounting and Finance Foundation year »

importance of business plan gcse

importance of business plan gcse

Grade Booster exam workshops for 2024 . Join us in to Birmingham, Bristol, Leeds, London, Manchester and Newcastle Book now →

Reference Library


  • See what's new
  • All Resources
  • Student Resources
  • Assessment Resources
  • Teaching Resources
  • CPD Courses
  • Livestreams

Study notes, videos, interactive activities and more!

Business news, insights and enrichment

Currated collections of free resources

Browse resources by topic

  • All Business Resources

Resource Selections

Currated lists of resources

Study Notes

Starting a Business: Contents of a Startup Business Plan (GCSE)

Last updated 22 Mar 2021

  • Share on Facebook
  • Share on Twitter
  • Share by Email

For a start-up there are usually two kinds of business plan - a simple one and a detailed one. Some businesses need to produce both.

The simple business plan is rarely shown to outsiders of the business. It is written by the entrepreneur, for the entrepreneur. The simple plan helps summarise the key aims and targets of the business and the actions required to make the business a reality. It is likely to be written in quite an informal way. What would go into the simple plan? Areas such as:

  • The idea - a simple description of the proposed business
  • Where the idea came from and why it is a good one
  • Key targets for the business - sales, profit, growth (gives a sense of direction for the business), ideally for the next 3-4 years
  • Finance required - how much from the founder, how much to be loaned over how loan and from who
  • Market overview - main segments, market size (value, quantity), growth, market shares of main competitors (if known)
  • How the business will operate (location, premises, staff, distribution methods)
  • Cash flow forecast (important) + trading forecast

A detailed business plan is needed if a more complicated or larger business is planned as a start-up, or if the entrepreneur needs to raise money from business angels or get a substantial loan from a bank. Here is a summary of the key content:

Executive summary: a brief 1-2 page summary of the detail! Should contain nothing new, but highlight the key points

Market: a profile of the target market based on market research

Product: what it is and how it is different from the competition (the "unique selling point")

Competition: an honest description of the competition in the target market - what they do well, their weaknesses and their likely response

Protecting the idea: how the product and business can be protected from competition - e.g. patents, trademarks, distinctive approaches to marketing or distribution that competitors will find hard to replicate

Management team: a crucial area for any investor. Who is involved in the start-up and what will they be doing? What experience and expertise do they bring? Which management roles will need to be filled as the business grows?

Marketing: the key elements of the marketing mix should be explained here. Remember that for a start-up the marketing budget is likely to limited, so the plan should describe a credible approach to promoting the product and include realistic assumptions about how many customers will buy and at what price

Production /operations: this explains what is involved in the production process, what capacity is needed, who will supply the business, where it will be located etc.

Financial projections : a summary of the cash flow and trading forecasts. This section should highlight the key assumptions that have been made and also outline the main risks and opportunities in the forecasts (i.e. what might go wrong, or where things might prove better than forecast).

Sources of finance: here the figures from the cash flow forecast are taken and used to highlight what funding the business needs, and when.

Returns on investment: another key area for any investor. This is a description of how the entrepreneur expects investors to get a return on their investment. Who might eventually buy the business, when, and for how much?

  • Business plan

You might also like

Business planning for a new business (revision presentation).

Teaching PowerPoints

Business Planning - Introduction

Planning a new business (gcse), the mckinsey / general electric growth share matrix, business objectives (introduction).

Topic Videos

Marketing Objectives (Introduction)

How to start an airline.

1st March 2021

Setting Business Aims & Objectives | AQA GCSE Business

Quizzes & Activities

Our subjects

  • › Criminology
  • › Economics
  • › Geography
  • › Health & Social Care
  • › Psychology
  • › Sociology
  • › Teaching & learning resources
  • › Student revision workshops
  • › Online student courses
  • › CPD for teachers
  • › Livestreams
  • › Teaching jobs

Boston House, 214 High Street, Boston Spa, West Yorkshire, LS23 6AD Tel: 01937 848885

  • › Contact us
  • › Terms of use
  • › Privacy & cookies

© 2002-2024 Tutor2u Limited. Company Reg no: 04489574. VAT reg no 816865400.

importance of business plan gcse


It’s time to follow the journey of Finley Thomas, an aspiring entrepreneur who dreams of opening a small local shop. Throughout the interactive video, we will follow Finley through the process of creating a well-thought-out business plan, which is essential for the success of any business venture.



The real-life case study explores the journey of Molly Pratt, who started her own mechanics workshop in a small town in Lincolnshire, specialising in luxury vehicles. Despite approaching a bank for a loan of £20,000 to cover the costs of specialist equipment, she was unable to afford to employ any additional staff, resulting in high levels of stress. Unfortunately, MP Mechanics closed down in January 2019 due to a lack of interest in luxury vehicle repair and Molly's difficulties in managing the workload alone.

Teacher Resources

Join your school now, featured links.

  • Terms & Conditions
  • Cookie Policy
  • Privacy Policy

Connect with us

LearnWorlds logo

Sign in/up with Google

Sign in/up with Facebook

Sign in/up with Linkedin

Sign in/up with Apple

Sign in/up with Twitter

importance of business plan gcse

Online Learning College

Business Plans

Business Plan

In this post

Business plans are used to outline the industry in which a business is working in as well as the economic structure of a company to give an idea of the financial prospects of a business. They are used primarily to organise the routes to market that a company will take and give projections on earnings and target dates for when the company expects to have a certain income.

Writing a strong business plan is important for any business, whether large or small, and is the perfect way to map out your route to success. Not only will the plan contain your aims and plans to attract new customers but it can also act as a strong tool for financial projections and help you to set out goals for your company. Throughout the units that we have already covered on this course we have seen a lot of aspects that could be included in a business plan, and including as much information as possible is key.

A lot of entrepreneurs fail to produce a clear business plan when they set up a new company and this can be a big issue further down the line. By not outlining your company and its operations you may affect the business in a negative way and be unable to keep track on the progress and route the business is taking. If you are seeking finance to launch your company it is more than likely that you will need to create a business plan to secure a loan, but this should not be thrown away once you have started the business. Your plan can be updated and adapted at any time and you must try to keep things relevant and up to date so you know the long-term aims of your company.

Why create a business plan?

Some entrepreneurs fail to create a business plan before starting a company because they feel it is a waste of time. They know what they want to do, how they want to do it and everything that is needed has been formulated in their heads. This is a very good skill to have, but without your thoughts and projections down on paper it can be very easy for them to become misinterpreted, forgotten or skewed. Simply having things thought out in your mind is not enough to convince others or explain your strategies to those you are working with. Business plans are used to organise your approach and produce a strategy that allows you the best possible chance of success. They should include:

  • Information about your company so that you can plan the structure and objectives which you have
  • Your relationships with others and how these can be used (e.g. banks, lenders and accountants)
  • To find weaknesses in your plans and areas where you must improve
  • Areas for discussion so that you can find out other people’s opinions and include them in the planning process

Some people start a business and want everything to be done immediately. With great confidence that they can do it all alone and have no input from experts, they may not stop and think about forming a clear plan that includes facts and figures to help them along the way. Doing this can be of massive detriment to any business and you need to gather as many opinions, facts and ideas as possible from those around you.

What to avoid

A business plan should include lots of information but there are a few things that should be avoided. You should put some restrictions on the long-term (over 1 year) predictions of your finances. A long-range prediction on the amount of money you will have coming into the business can be completely meaningless because it is very hard to predict how a business will perform far into the future.

Very few business plans get the figures projected spot on, so remember to give a good indication of what you expect to earn but try to be conservative with this. By exaggerating the earning potential of the company you will not be impressing anyone and this will make it difficult for you to plan your spending. Outline clear time frames and indicate your aims during these periods. Try to show what you will be working on at any time, for example if your business will take quite a lot of setting up then the first 6 months may be devoted solely to this and you should outline this in your plans and projections. Try to correctly anticipate the money and time that will be required for processes to be completed and always factor in a margin of error. By slightly exaggerating the money that will be required when completing a stage of expansion or setting more time than is needed, you will be well prepared if some unforeseen issue crops up.

Don’t just use the business plan to explain how great your product or service is. This alone will not turn your business into a big success (although it is very important). Identifying areas to improve and how you will market your company is much more important than simply relying on the uniqueness of your product.

The purpose of a business plan

The purpose of a business plan

Business plans are used for a variety of different reasons and the importance of these should not be underestimated. Creating a plan that is precise and includes information that is relevant to the new or existing business will ensure that ideas are implemented quickly. Without a solid business plan it will be much more difficult to judge the success of the new venture and the direction of the company will be hard for everyone to see.

Minimising risk

The risks when starting a new business can be huge. Money is invested into new businesses and time will also be spent on getting a company off the ground. Without a business plan in place, owners and employees could end up wasting their time in certain areas. Using resources inefficiently and having no clear direction for a business can lead to disaster very quickly. The best way to avoid this is with a clear outline of what the business needs to work on and what resources will be needed in order to make the venture work. A business plan will be used to set goals and objectives while losing no time in areas that do not see a large enough return on the investment.

Securing finance

Many people use business plans to secure finance for a new venture. This finance can come from several different sources such as banks, investors and start-up funds. Having a business plan that shows exactly how the business will operate and where money will be made will act as a way to convince potential investors to finance the company. With clear profits to be made and a route to market mapped clearly, investing in a business will be a much more desirable prospect for a potential investor.

Formats of business plans

There are many different formats which a business plan can be created in but the main areas to cover are:

Executive summary

Company summary, products and services, market analysis, strategy and implementation, management and personnel, financial plan.

Any business plan should include an executive summary which gives an outline of the business and the vision of the owners. Here you should briefly explain the business and its activities as well as the key areas that will help the company to succeed. A mission statement can be included to explain why your company will be unique in the market and what will give you the edge over your competitors.

You should also include some information about the financial aspirations of the company here to show the economic aims over the first few years in operation. Remember, these do not need to be hugely accurate and taking a realistic look at what can be earned is essential. It is usually best to complete the executive summary of the company last as you can include information from other sections in this part of the plan to give a good overview and concise insight into the business and your plans.

The company summary will explain key aspects of the operation of the company. This includes the owners of the business as well as where the business is located. Information about all directors must be included in this area of the plan and you should summarise their roles within the organisation. If you have any other personnel that will be involved at a senior level then they should be included also. In this part of the business plan you need to outline the funds required to set up and maintain the business also. By including information about the company’s location and operations you will be able to forecast the money required to get the company started and any investment that will be needed. Try to include a spreadsheet showing where the initial funding will come from and how much is being put into the business to start with. Remember, most new businesses make a loss in their first year due to the expenses involved in starting a new company, so be realistic. Plan the initial outlays and costs carefully and make sure you know the limits to how much you can put into the company to get started.

The location of the business can also be included here and any rent that you will be required to pay can be outlined and the costs per square foot for the company premises. Then you can go on to make projections about the sales required to cover all of your fixed costs such as office and equipment rentals.

Next we move on to explaining the things which will earn your business money – the goods and services that you have to offer. In this section you must include descriptions of what you can offer your customers and the prices you will be charging. Outline what makes your goods and services special and the key aspects that will influence potential clients and convert them into paying customers. It is also a good idea to compare your pricing structure to your competitors. It may be that you offer the same products but cheaper, or with any additional features to make your products more appealing. You should explore the need for your products and services to be better than any of the competition. As a new business you may struggle to compete unless you have something that nobody else has. By bringing to the market something which is already selling well with another company that has established its brand in the marketplace, you might struggle to take a large enough section of the market to warrant starting a whole new company. If this is the case then you must compare your pricing to your biggest competitors and ensure that you are competitive.

In this section you can also include any products and services that you may offer in the future. Explain your product development processes and how you will be able to innovate and bring new products or services to the marketplace.

Next you need to carry out some market analysis to identify your potential customers . In this section of the business plan you need to include information about your ideal customers and what sort of people they will be. Think about the earnings of your potential clients, the type of lifestyles they will live and the products and services they expect from a business. This part of your plan is great for you to use figures about your market and show any growth projections for the sector in the future.

Explain market trends and analyse the need for your goods/services in this sector. Attempt to find some facts about the disposable income of your potential customers and target certain people who will be interested in what your company offers. Think about how you will be attracting your customers and the potential for growth over the first 3 years in operation. Make estimations about the number of people in the area where you will be offering your products and services to get a good idea of how many different potential clients you can attract. Having a good understanding of your target market will give you the tools to design marketing strategies and techniques to attract the maximum number of customers to your business.

Having outlined your market and explained who your products/services will attract, it is time to explain your techniques when doing this and show how you are going to market your company. Explain the key aspects of what you offer and the main selling points that should be tailored to suit the target clients that you have in mind. Products designed for the more affluent will need to be luxurious and have an exclusivity about them, whereas items that are for people with limited incomes will need to offer greater value for money. Try to understand a clear link between the market in which you will be operating, your potential clients and the main aspects of your business which you should focus on.

Ensuring that your business suits the needs of customers is essential to getting the most customers. For example, opening up a luxury spa in an area where there is high unemployment and typically lower incomes will encounter lots of issues as the potential customers (those within a 15-mile radius) will have no need for this service and may not be able to afford what you have to offer. You will need to come up with at least five ways of promoting your business that will appeal to your target market and attract clients. Remember all of the techniques and skills we discussed on marketing and try to link what you know about your potential clients to the advertising methods you will use.

Here you can also outline the potential sales forecasts and investments which you will make when promoting your goods and services. Come up with some realistic projections about the money to be spent on advertising and increasing awareness of your brand as well as any sales targets you may wish to set. Be conservative with your sales projections as it takes time for any business to get a good level of customers and building brand awareness does not happen overnight. Your sales in year 1 will normally be fairly low and you need to take this into account when projecting your income and the amount it will cost to set up your company.

The next thing to plan is the personnel involved in your business. This will include the owners and directors as well as any senior managers that are to be involved in the company. Explain the team structure and hierarchy of your new company and the number of employees you will be hiring. Knowing the team behind the company and their individual duties will let you outline the various skills that your team possesses and establish each person’s duties within the organisation.

Outlining the duties of each person and giving a brief job description is a good way for you to understand the team dynamic and responsibilities of each member. Most new companies make the mistake of hiring too soon, but with a clear plan of the business personnel that will be involved in your company you will be able to ensure each person is needed for the business to operate. Establishing a business will require you to be frugal in your approach and employing staff that are not needed can have a terrible impact on your profits and end up costing you tens of thousands of pounds a year.

Outline the wages of your employees and then come up with some totals for staffing costs that can be used when writing your executive summary.

Your financial plan will provide a clear breakdown of all the income and outgoings of the business that you expect. These will only be projected figures so will be likely to change in reality, but you should be able to predict fairly accurately using your knowledge of costs incurred and the pricing and potential customer base for your products/services.

Make projected figures for your fixed and variable costs as well as the profits you expect to earn from sales. This will then help you to create a break-even analysis for your company that will show the amount of money required to cover all of your outgoings. Remember that your first year will have fixed and variable costs as well as additional outgoings which come from setting up your company. You will also have a limited number of sales during the first 12 months as you build up your customer base, so the projected net profit for year 1 will be lower than any other year. Try to think about the most popular goods/services you offer and come up with an average sale price for your customers. This will then help you to identify the number of customers you need in your first year to break even.

Come up with some cash flow and profit and loss charts (look over our work in Unit 1.3 to help) to project how much money you can expect to see in the business each year. This will help you to come up with clear and concise predictions for how much money you will be making in your first three years.

Financial plan

Reformulating a business plan

If you do ever happen to make a slight error in judgement on your initial business plan this can always be altered and the plan changed as required. The chances of figures being completely correct in your first projections are very slim and there will be certain things that you miss or random payments to be made when setting up your business which you did not account for. This is the main reason why being conservative with your income projections and adding in a ‘safety net’ figure to your costings will help you to deal with these circumstances. Business plans should be flexible and are a working document, so chopping and changing them is fine. When doing this try to use what you already have to create a new plan for the next few years rather than just altering figures to make it look like you got the initial plan correct.

Business plans are working documents, so they should be altered and added to as time goes by to determine where your company is heading and how it will get there. Being understanding of the nature of business and the fact that you will not be able to predict certain outcomes will give you an edge and allow you to put in place certain measures to help if you ever do come up against any problems.

reformulating a business plan

Interested in business?

We offer a GCSE Business course that covers information on Business plans.

Learn more about our GCSE business course

Read another one of our posts

Parent’s guide to supporting gcse pupils.

Parent’s Guide to Supporting GCSE Pupils

Coping Strategies for Care Worker Burnout

Coping Strategies for Care Worker Burnout

The Importance of Training For Care Workers

The Importance of Training For Care Workers

The Benefits Of Online A-Level Courses For Students

The Benefits Of Online A-Level Courses For Students

The Challenges Of Caring For Children With Additional Needs

The Challenges Of Caring For Children With Additional Needs

Counselling Techniques for Working With Adolescents

Counselling Techniques for Working With Adolescents

The Future of Care Work And Its Opportunities

The Future of Care Work And Its Opportunities

Tips For Success In Online A-Levels

Tips For Success In Online A-Levels

Save your cart?

  • International
  • Schools directory
  • Resources Jobs Schools directory News Search

Edexcel GCSE Business Topic 1.3.1 - Business Aims and Objectives

Edexcel GCSE Business Topic 1.3.1 - Business Aims and Objectives

Subject: Business and finance

Age range: 14-16

Resource type: Lesson (complete)

Ultimate Education

Last updated

15 November 2023

  • Share through email
  • Share through twitter
  • Share through linkedin
  • Share through facebook
  • Share through pinterest

importance of business plan gcse

Introducing our comprehensive and engaging GCSE Business Topic 1.3.1 Lesson Resource Pack - the ultimate guide to understanding “Business Aims and Objectives.” This pack is specifically designed to equip students with the essential knowledge and skills to excel in their studies and ace their exams.

Key Features:

In-depth Coverage: Our resource pack delves deep into the fundamental concepts of Business Aims and Objectives, providing clear explanations and real-world examples that make the topic easily accessible.

Interactive Learning: Engage your students with a range of interactive activities, thought-provoking exercises, and stimulating discussion prompts that foster critical thinking and problem-solving skills.

Visual Aids: Visual learners will thrive with the aid of colorful infographics, charts, and diagrams that reinforce key ideas, aiding better retention and understanding.

Exam-Focused: We understand the importance of exam preparation, so our resource pack includes practice questions and model answers, giving students the confidence to tackle exam-style assessments successfully.

Real-Life Case Studies: Illustrate the relevance of Business Aims and Objectives in the real world through captivating case studies, showcasing how successful businesses strategize and achieve their objectives.

Teacher’s Guide: A comprehensive teacher’s guide accompanies the resource pack, offering invaluable tips, suggested lesson plans, and marking schemes for assessments.

Suitable for All Learners: Whether students are studying independently or in a classroom setting, our resource pack accommodates diverse learning styles, making it an inclusive tool for every student.

Unlock the potential of your students with our GCSE Business Topic 1.3.1 Lesson Resource Pack. Empower them to grasp the intricacies of Business Aims and Objectives confidently and apply this knowledge in various business scenarios. Invest in their academic success and get them one step closer to their career aspirations. Order your pack today and witness your students’ growth as they become adept in the world of business!

Tes paid licence How can I reuse this?

Get this resource as part of a bundle and save up to 37%

A bundle is a package of resources grouped together to teach a particular topic, or a series of lessons, in one place.

The ULTIMATE GCSE Bundle + Revision Guide

This is our most comprehensive collection yet, lesson plans and resources for GCSE Business Edexcel specification + our amazing comprehensive revision guide for the entire Business course. All together, these resources would cost over £50 (save 20%) if purchased individually. This bundle is perfect for all your GCSE Business needs, all documents (apart from the revision guide) is fully editable to suit your specific department and lesson needs.

Complete Edexcel GCSE Business Topic 1.3 - Lesson Plans

Introducing the ultimate companion for Edexcel GCSE Business Topic 1.3 - Lesson Plans! Unlock the full potential of your classroom with our comprehensive resource pack designed to elevate your teaching experience and boost your students' success. Crafted with meticulous attention to detail, this lesson resource pack covers every aspect of Topic 1.3, ensuring a smooth and engaging learning journey. What's inside: 1. Expertly crafted lesson plans: Each lesson plan is thoughtfully structured to align perfectly with the Edexcel GCSE Business syllabus. Step-by-step instructions, clear objectives, and engaging activities will keep your students focused and motivated throughout. 2. Interactive multimedia: Enrich your lessons with visually appealing and interactive multimedia resources. Engage your students' senses and enhance their understanding through dynamic videos, graphics, and presentations. 3. Assessment tools: Measure your students' progress effectively with our range of assessment materials, including quizzes, worksheets, and exam-style questions. Identify strengths and areas for improvement, empowering you to tailor your teaching to their individual needs. 4. Extension activities: Challenge your high-achievers and keep your whole class stimulated with carefully designed extension tasks. Foster critical thinking and problem-solving skills in a supportive environment. 5. Teacher support: We understand the importance of seamless teaching experiences. That's why our resource pack includes comprehensive teacher guides, answer keys, and helpful tips to ensure you deliver each lesson with confidence. 6. Time-saving organization: Say goodbye to the hours spent searching for materials. Our pack comes ready-to-use, saving you valuable time and allowing you to focus on what matters most: your students' success. Whether you're a seasoned educator or new to the subject, our Complete Edexcel GCSE Business Topic 1.3 - Lesson Plans will be your trusted partner in delivering engaging and effective lessons. Empower your students with the knowledge and skills they need to excel in their GCSE Business studies. Don't miss out on this invaluable resource - get your pack today and revolutionize your teaching approach!

Your rating is required to reflect your happiness.

It's good to leave some feedback.

Something went wrong, please try again later.

This is a very poor resource, very disappointing. The description led me to believe that it would be far better than it was. The powerpoint is brief, students need far more content than this gives and the tasks are unimaginative and not particularly well explained. In order to edit this to cover what the lesson plan suggests it would take a lot of time and defeats the purpose of spending money on a resource.

Empty reply does not make any sense for the end user

Report this resource to let us know if it violates our terms and conditions. Our customer service team will review your report and will be in touch.

Not quite what you were looking for? Search by keyword to find the right resource:

Knowledge and Science Bulletin Board System

Exploring the World of Knowledge and Understanding

The Importance of Business Planning in GCSE AQA

By knbbs-sharer

importance of business plan gcse

In the fast-paced and ever-changing world of business, planning has become an essential tool for companies of all sizes. Business planning is the process of creating a detailed plan of action that outlines a company’s goals, strategies, and objectives. It is a vital component of any successful business operation, and it is especially important for students studying GCSE AQA.

The world of work is constantly evolving, and students must be equipped with the skills and knowledge required to succeed in the competitive and challenging business environment. The GCSE AQA curriculum includes topics like business planning, which is designed to prepare students for the real world of business.

One of the key benefits of business planning is that it helps students to develop a sense of purpose and direction. By setting clear goals and objectives, students gain a sense of direction for their studies and future career aspirations. This can help them stay motivated and focused, even when faced with challenges and setbacks.

Moreover, business planning encourages students to think critically and creatively about business strategies and solutions. It encourages students to analyze data, conduct research, and evaluate risks and opportunities. This helps to develop the critical thinking skills that are vital for success in the corporate world.

Another significant benefit of business planning is that it provides students with a realistic understanding of the challenges and complexities of the business world. It helps to build a foundation of knowledge that is necessary for success in the world of work, including essential skills like marketing, finance, and management.

Perhaps most importantly, business planning helps students to develop the entrepreneurial skills that are essential in a competitive business world. It encourages students to think outside of the box, take risks, and seize opportunities. It also fosters a “can-do” attitude, which is vital for success in any business endeavor.

In conclusion, business planning is an essential component of the GCSE AQA curriculum. It provides students with a comprehensive understanding of key business concepts and encourages them to develop the skills and knowledge required for success in the real world of business. By using a structured and informed approach to business planning, students can gain a competitive edge in the corporate world and pursue their ambitions with confidence.

(Note: Do you have knowledge or insights to share? Unlock new opportunities and expand your reach by joining our authors team. Click Registration to join us and share your expertise with our readers.)

Share this:

Discovery new post:.

  • How Binus Curriculum Prepares Students for Global Business Marketing Challenges
  • How LSE Business Management Can Help You Succeed in Business and Beyond
  • Investing in Yourself: Personal Development for Business Growth
  • The Importance of Learning Business 0450 for Your Career Growth

Hi, I'm Happy Sharer and I love sharing interesting and useful knowledge with others. I have a passion for learning and enjoy explaining complex concepts in a simple way.

Related Post

2023 food business trends: from sustainability to automation, future of the fashion business: top 5 trends to watch out for in 2023, the top food business trends that are taking the industry by storm, leave a reply cancel reply.

Your email address will not be published. Required fields are marked *

Save my name, email, and website in this browser for the next time I comment.

Notify me of follow-up comments by email.

Notify me of new posts by email.

Explore the Colors and Traditions of Global Cultural Festivals

5 simple strategies for learning english faster and more effectively, 5 common great dane health issues you need to know about.

Cookies on GOV.UK

We use some essential cookies to make this website work.

We’d like to set additional cookies to understand how you use GOV.UK, remember your settings and improve government services.

We also use cookies set by other sites to help us deliver content from their services.

You have accepted additional cookies. You can change your cookie settings at any time.

You have rejected additional cookies. You can change your cookie settings at any time.

importance of business plan gcse

  • Education, training and skills
  • School curriculum
  • Secondary curriculum, key stage 3 and key stage 4 (GCSEs)
  • GCSE subject content and requirements

New British Sign Language GCSE heading for classrooms

The new GCSE will provide pupils with the opportunity to learn how to effectively communicate using British Sign Language.

importance of business plan gcse

Pupils across the country will soon be able to take the British Sign Language (BSL) GCSE as the subject content has today (Thursday 21 December) been published, providing pupils with an important life skill and advancing inclusivity within education.

Parents, teachers and organisations from the deaf and hearing communities have provided overwhelmingly positive support for the introduction of the BSL GCSE, following a 12-week public consultation .

The responses have helped ensure the content is knowledge-rich, diverse in its teaching and challenging. Students who take this GCSE will learn to communicate effectively with other signers in work, social and academic settings and possess valuable life skills.

With the aim to have exam board syllabuses approved from September 2025, the BSL GCSE will teach students to effectively communicate using BSL and provide an understanding of the history of BSL in the UK.

Education Secretary, Gillian Keegan said:

“It’s fantastic to see such an overwhelming amount of support across both the education sector and the deaf and hearing communities for this new GCSE.

“Studying British Sign Language can open so many doors for young people, giving pupils an understanding of how thousands of people communicate and ultimately even expanding job prospects.

“This new qualification will not only break down barriers and give young people valuable new skills, but also celebrate the history and rich culture of British Sign Language.”

Deputy Chief Regulator of Ofqual, Michael Hanton said:

“We’re grateful to those who engaged with our consultation, which was a crucial step forward for this new and important qualification.

“We will now begin the detailed regulatory work to ensure that the new GCSE in British Sign Language will be high quality and fair for students.”

Influencer and activist for the deaf community, Tasha Ghouri said:

“It’s so important to have inclusivity in schools.

“Accessibility is something I massively stand for and it’s amazing that BSL is now a GCSE course and students will soon have the opportunity to learn the foundations of BSL, the history and how it was formed.

“It’s such a beautiful language to learn. Thank you to everyone who has supported this step in the right direction!”

Chief Executive of the National Deaf Children’s Society, Susan Daniels OBE said:

“After more than a decade of campaigning for a GCSE in British Sign Language (BSL) we’re delighted we now have the finalised course content published. 

“A GCSE in BSL is vital as it will break down barriers and celebrate the rich culture and history of British Sign Language. An incredible amount of work has been undertaken to get to this point, not least from young deaf campaigner Daniel Jillings who fought so hard for the right to study a GCSE in BSL.”

In line with all qualifications, the GCSE is open to all pupils and will be recognised and accepted in school and college performance tables.

An internationally recognised qualification, pupils who study this will develop ways of expressing and negotiating meaning through visual spatial language, communication and visual memory skills that will be an advantage to them for the rest of their lives.

As well as learning how to sign effectively, the GCSE will also give students an understanding of the history of sign language in the UK. This will provide a solid foundation for students’ understanding of how the language reached its current form.

The introduction of this high standard, knowledge rich subject follows on from GCSE and A level reforms brought in since 2010 to ensure improvement to qualifications, ensuring they reflect the knowledge and skills pupils need.

Expanding on this, in October, the Prime Minister set out a bold new plan to introduce a new baccalaureate style qualification. The Advanced British Standard (ABS) will be built on A levels and T Levels, retaining their rigour and focus on building knowledge. At the heart of these proposals are an increase in teaching time of around 200 hours over the course of the qualification, greater breadth and choice for young people, and a core focus on vital maths and English. The ABS will widen students’ career options whilst bringing England in line with major economies such as France, Germany, Japan and the USA.

The recently published special educational needs and disabilities (SEND) and alternative provision (AP)  improvement plan  set out how all children and young people, including those who are deaf or have a hearing impairment, will get the support they need to succeed in their education.

DfE media enquiries

Central newsdesk - for journalists 020 7783 8300

Share this page

Sharing will open the page in a new tab

  • Share on Facebook (opens in new tab)
  • Share on Twitter (opens in new tab)

Is this page useful?

  • Yes this page is useful
  • No this page is not useful

Help us improve GOV.UK

Don’t include personal or financial information like your National Insurance number or credit card details.

To help us improve GOV.UK, we’d like to know more about your visit today. We’ll send you a link to a feedback form. It will take only 2 minutes to fill in. Don’t worry we won’t send you spam or share your email address with anyone.

  • Japan Plane Crash
  • Harvard President Resigns
  • Ukraine War
  • Rochester Crash
  • CBS News Live
  • Managing Your Money
  • Newsletters

Watch CBS News

Ready to mark your calendar for 2024? Dates for holidays, events and games to plan ahead for

By Aliza Chasan

Updated on: January 2, 2024 / 10:03 AM EST / CBS News

Now that they holidays are behind us and many people are back at work and school, planning for the new year is in full swing.  Here is a list of 2024 holidays, special events, big games, cultural milestones and other key dates to mark on your calendar:

2024 federal holidays

  • New Year's Day  - Monday, Jan. 1
  • Martin Luther King Jr. Day - Monday, Jan. 15
  • Washington's Birthday / Presidents Day - Monday, Feb. 19
  • Memorial Day - Monday, May 27 
  • Juneteenth - Wednesday, June 19
  • Independence Day - Thursday, July 4
  • Labor Day - Monday, Sept. 2
  • Columbus Day / Indigenous People's Day - Monday, Oct. 14
  • Veterans Day - Monday, Nov. 11
  • Thanksgiving - Thursday, Nov. 28
  • Christmas Day - Wednesday, Dec. 25

2024 non-federal holidays

  • Groundhog Day - Friday, Feb. 2
  • Chinese New Year - Saturday, Feb. 10
  • Mardi Gras - Tuesday, Feb. 13
  • Valentine's Day - Wednesday, Feb. 14 
  • Ash Wednesday - Wednesday, Feb. 14
  • Ramadan - (tentative date) evening of March 10 through April 8
  • St. Patrick's Day - Sunday, March 17
  • Nowruz - Wednesday, March 20 (date varies depending on location)
  • Holi - Monday, March 25
  • Good Friday - Friday, March 29
  • Easter Sunday - Sunday, March 31 
  • Passover - evening of Monday, April 22 through April 30
  • Cinco de Mayo - Sunday, May 5
  • Mother's Day - Sunday, May 12
  • Flag Day - Friday, June 14 
  • Father's Day - Sunday, June 16
  • Halloween - Thursday, Oct. 31
  • Diwali - begins Friday, Nov. 1
  • Christmas Eve - Tuesday, Dec. 24
  • Hanukkah - evening of Wednesday, Dec. 25 through Thursday, Jan. 2
  • Kwanzaa - Thursday, Dec. 26 through Jan. 2
  • New Year's Eve - Tuesday, Dec. 31

2024 major sports events

  • Super Bowl - Sunday, Feb. 11
  • NBA All-Star Game - Sunday, Feb. 18
  • Daytona 500 - Sunday, Feb. 18
  • Major League Baseball Opening Day - Thursday, March 28
  • Boston Marathon - Monday, April 15
  • Kentucky Derby - Saturday, May 4
  • Preakness Stakes - Saturday, May 18
  • Belmont Stakes - Saturday, June 8
  • Major League Baseball All-Star Game - Tuesday, July 16
  • Summer Olympics in Paris - Friday, July 26 through Sunday, Aug. 11
  • New York City Marathon - Sunday, Nov. 3

2024 awards shows

  • Golden Globe Awards  (on CBS) - Sunday, Jan. 7
  • Emmy Awards - Monday, Jan. 15
  • Grammy Awards  (on CBS) - Sunday, Feb. 4
  • Academy Awards - Sunday, March 10
  • CMT Awards (on CBS) - Sunday, April 7
  • Tony Awards (on CBS) - Sunday, June 16

More 2024 dates to know

  • Leap Day - Thursday, Feb. 29
  • Daylight Saving Time  starts - Sunday, March 10 
  • Spring starts (vernal equinox) - Tuesday, March 19
  • Total solar eclipse - Monday, April 8 
  • Tax Day - Monday, April 15
  • Met Gala - Monday, May 6
  • Summer starts ( summer solstice ) - Thursday, June 20
  • Fall starts (autumnal equinox) - Sunday, Sept. 22
  • Daylight Saving Time  ends - Sunday, Nov. 3
  • Winter starts ( winter solstice ) - Saturday, Dec. 21

Full list of major 2024 dates

  • New Year's Day - Monday, Jan. 1
  • Presidents Day - Monday, Feb. 19
  • Daylight Saving Time starts - Sunday, March 10 
  • Columbus Day / Indigenous Peoples' Day - Monday, Oct. 14
  • Daylight Saving Time ends - Sunday, Nov. 3
  • Election Day - Tuesday, Nov. 5

Aliza Chasan is a digital producer at 60 Minutes and She has previously written for outlets including PIX11 News, The New York Daily News, Inside Edition and DNAinfo. Aliza covers trending news, often focusing on crime and politics.

More from CBS News

Health benefits of a "Dry January" after the holidays

Get better quality sleep in 2024 with these five tips

Florida's enhanced 'Move Over' law' goes into effect

New Year's Day shooting in SW Miami-Dade, woman injured


  1. PPT

    importance of business plan gcse

  2. Business Plans

    importance of business plan gcse

  3. Business Plans

    importance of business plan gcse

  4. Business Plans

    importance of business plan gcse

  5. The Importance of a Business Plan

    importance of business plan gcse

  6. What is Business Plan? definition, formats, elements and importance

    importance of business plan gcse


  1. 3 concepts de business qui ont la cote aux Etats-Unis

  2. PART 4 4 Importance Business Communication SYBCOM

  3. GCSE Business revision

  4. 1.2 Why create a business plan?

  5. 10 GCSE Business Formulae- AQA Paper 1

  6. GCSE & A level Students if You Failed Your Exam Watch This


  1. Business plans

    GCSE Edexcel Business plans - Edexcel The role and importance of a business plan A business plan is an essential part of starting any business. Entrepreneurs create business plans...

  2. Planning a New Business (GCSE)

    Last updated 22 Mar 2021 Share : What is a business plan? A business plan is a written document that describes a business, its objectives, its strategies, the market it is in and its financial forecasts. The business plan has many functions, from securing external funding to measuring success within the business.

  3. Making the business effective

    Business plans - Edexcel. A business plan is an essential part of starting any business. Entrepreneurs create business plans to help them consider all of the elements they are going to need for ...

  4. Business planning

    Learn about the importance of business planning with BBC Bitesize GCSE Business - Eduqas. Part of Business Business activity Remove from My Bitesize In this guide Revise Video Test...

  5. AQA

    3.1.6 Business planning. understand the reasons why businesses create plans, including importance in setting up a new business, raising finance, setting objectives and detailing how functions of a business will be organised. understand the difference between variable costs, fixed costs and total costs. understand the concept of revenue, costs ...

  6. GCSE Business Studies

    A quick powerpoint explaining what a business plan is, how it is used, and why it is important to a business. 4.0 / 5 based on 3 ratings? Created by: Rhys B-M; Created on: 05-12-11 13:13; GCSE Business Studies - What is a Business Plan? Powerpoint Presentation 155.89 Kb. Business Studies; GCSE;

  7. PDF Business

    • the role and importance of a business plan and the purpose of planning business activity. Your learning This topic considers the range of factors that will influence whether a small business is successful or not. This will include looking at the ownership of the business, the choice of location, the marketing mix and how the elements

  8. PDF GCSE (9-1) Business

    The Pearson Edexcel GCSE (9-1) in Business specification from 2017 is organised into two themes. The first theme approaches the content through the context of small businesses and the second focuses on growing businesses. ... The role, importance and usefulness of a business plan .

  9. Starting a Business: Contents of a Startup Business Plan (GCSE)

    Study Notes Starting a Business: Contents of a Startup Business Plan (GCSE) Level: GCSE Board: AQA, Edexcel, OCR, IB Last updated 22 Mar 2021 Share : For a start-up there are usually two kinds of business plan - a simple one and a detailed one. Some businesses need to produce both.

  10. Business Plans Explained

    Business Plans Explained - GCSE and A Level Business Revision 📝 This video explains what a business plan is, includes the contents of a business plan as we...

  11. Business Plans

    The role and importance of a business plan: to identify:the business idea; business aims and objectives; target market (market research); forecast revenue, cost and profit; cash-flow forecast; sources of finance; location; marketing mix. The purpose of planning business activity:

  12. Business Plans (1.4.4)

    The main aim of producing a business plan is to reduce the risk associated with starting a new business and help the owners to raise finance Producing a business plan forces the owner to think about every aspect of the business before they start which should reduce the risk of failure Elements of a business plan

  13. The Importance of a Business Plan

    In this interactive video, we'll explore the importance of creating a comprehensive business plan for any budding entrepreneur. Using the example of Dave, the owner of Jenkin's Butchers - a family business that has been operating for over 40 years - we'll see how Dave adapted to the Covid pandemic by creating a new product and changing his business strategy.

  14. What is a Business Plan?

    The interactive video introduces students to business plans and their importance for a successful venture. The video follows the journey of Finley Thomas, an entrepreneur who wants to open a local shop, as he creates a business plan. Important sections of a business plan, such as the business idea, people, aims and objectives, market research ...

  15. Business Plans

    Business plans are used to organise your approach and produce a strategy that allows you the best possible chance of success. They should include: Information about your company so that you can plan the structure and objectives which you have Your relationships with others and how these can be used (e.g. banks, lenders and accountants)

  16. What Is A Business Plan?

    Unlock the world of business studies with BizzWizard! Our interactive platform offers engaging video courses, interactive quizzes, case studies, and supporti...

  17. Edexcel GCSE Business Topic 1.3.1

    What's inside: 1. Expertly crafted lesson plans: Each lesson plan is thoughtfully structured to align perfectly with the Edexcel GCSE Business syllabus. Step-by-step instructions, clear objectives, and engaging activities will keep your students focused and motivated throughout.

  18. GCSE 3.1 22 The Benefits and Drawbacks of Business Planning

    This video looks at the pros and cons of writing a business plan.

  19. The Importance of Business Planning in GCSE AQA: Tips and Strategies

    The Importance of Business Planning in GCSE AQA. Business planning is essential in GCSE AQA for several reasons. Firstly, it enables you to gather your thoughts and ideas in one place. This is especially important in GCSE AQA, where you have to write essays and take exams. By having a clear plan, you can ensure that all your ideas are relevant ...

  20. The Importance of Business Planning in GCSE: Tips and Strategies for

    The Importance of Business Planning in GCSE: Tips and Strategies for Success. Business planning is an essential part of any successful business. It is the process by which a business owner sets goals and objectives, develops strategies to achieve those goals, and creates a detailed plan of action to carry out the strategies. In GCSE, business ...

  21. The Importance of Business Planning in GCSE AQA

    Business planning is the process of creating a detailed plan of action that outlines a company's goals, strategies, and objectives. It is a vital component of any successful business operation, and it is especially important for students studying GCSE AQA.

  22. New British Sign Language GCSE heading for classrooms

    Published. 21 December 2023. Pupils across the country will soon be able to take the British Sign Language (BSL) GCSE as the subject content has today (Thursday 21 December) been published ...

  23. British Sign Language to be introduced as GCSE in England

    British Sign Language (BSL) will be taught as a GCSE in England from September 2025, the government says. It says the qualification will be open to all pupils, who will learn about 1,000 signs, as ...

  24. 12 Best Practices For Conducting An End-Of-Year Business ...

    5. Examine The Team's Response To Challenges And Changes. In an end-of-year retrospective, a key detail for leadership to review is how effectively the team adapted to challenges and changes ...

  25. Even Rich People Budget: The Importance Of Financial Planning

    Let's explore why even rich people budget and how financial planning can help business owners: 1. Manage wealth effectively. Wealth is a term that goes beyond the pure accumulation of money ...

  26. How To Tighten Up Your Financial Plan In 2024

    Prioritize High-Interest Debt Repayment: Paying off your high-interest debt can free up more money for retirement savings. Recent data from our report shows that inflation has been the single ...

  27. Ready to mark your calendar for 2024? Dates for holidays, events and

    Major 2024 events to mark on your calendar 02:46 Now that they holidays are behind us and many people are back at work and school, planning for the new year is in full swing. Here is a list of ...

  28. Business plans

    The role and importance of a business plan The purpose of planning business activity The purpose of planning business activity Minimising risk A business plan allows an entrepreneur...