Chapter Name: Design and present business, financial and/or marketing plans based on a budget for a new venture
Description:Guides learners in creating comprehensive plans that align with financial constraints.
Purpuse:To ensure business plans are realistic and financially feasible.
Rational:Aligning plans with budgets prevents overextension and ensures sustainability.
Chapter Assessment
Scope of Practical Skill
Key Requirement 1: Design and present business, financial and/or marketing plans based on a budget for a new venture
Learners are expected to design comprehensive business, financial, and marketing plans that align with a defined budget for the new venture.
Assessment Questions
Assessment 1 : Marketing and promotion of the own venture is concisely presented in the business plan.
Learners must clearly present how they will market and promote their new business in their business plan.
Assessment 2 : The business of the venture is introduced and described based on research and analyses of competitors.
Learners must explain how to present the new business by referencing research and competitor analysis.
Assessment 3 : Structure and layout of the business plan is designed to be compatible with the nature of own venture.
Learners must design a business plan that suits the nature of their new venture and its operational needs.
Assessment 4 : Finance requirements for the business are stated in the business plan.
Learners must clearly outline the financial needs of their new venture in the business plan.
Assessment 5 : The projected income and expense items for own venture are tabulated in the business plan.
Learners must create a financial projection for their business, detailing expected income and expenses.
Assessment 6 : The costs, risks and proposed infrastructure of the operations plan is presented in the business plan of own venture.
Learners must present an analysis of the costs, risks, and required infrastructure for operating the new venture.
Assessment 7 : Relevant documentation is compiled to support the business plan.
Learners must compile necessary documentation, such as market research reports, financial statements, and other supporting materials.
Assessment 8 : Business plan information is presented in relevant and clear format.
Learners must format and present their business plan in a clear and professional manner.
Assessment 9 : Procedures to present the business plan for own venture to a financier is explained.
Learners must explain how they would present their business plan to potential financiers.