Chapter Name: Compile a Business Plan for New Business
Description:Focuses on creating a comprehensive business plan for new ventures, covering key elements such as market analysis, financials, and operational strategies.
Purpuse:To develop a strategic plan that provides a clear pathway for a new business’s success and growth.
Rational:A well-crafted business plan is a roadmap for a new business, helping to secure funding, align stakeholders, and guide daily operations.
Chapter Assessment
Expected Supporting Evidence:
Portfolio of Evidence 1: Signed documentary evidence from supervisor / mentor for all required work activities such as logbooks and job instructions. - Signed documentary evidence provided by a supervisor or mentor verifying completion of all required work activities, including logbooks, job instructions, and other records that demonstrate skill development.
Workplace Activities
Activity 1: Compile a Business Plan for New Business
Draft a comprehensive business plan including objectives, strategies, financial projections, and market analysis.