PRODUCE A BUSINESS PLAN

Unit 1: Identify and demonstrate understanding of the elements of a business plan

• Legal business types for new ventures are identified and explained with examples. 
• Legal registrations and any legislative compliance concerning the new ventures are explained and included in the business plan. 
• A business plan is explained in terms of business, financial, marketing and operations plans. 
• The codes of ethics about a business plan are identified and explained with examples. 
• The business plan for a management tool for a new venture is explained with examples. 
• The business plan to fund a new venture is explained with examples. 

Unit 2: Compile an organisation structure for one’s own business to determine how a business plan can best be integrated

• A business organogram is drawn up for own business. 
• The broad functions required to effectively complete business activities are described according to overall business goals. 
• Lines of authority and responsibility are designated concerning organograms. 
• Any relevant human resources needs are determined accordingly. 

Unit 3: Identify resources and information required to complete your business plan

• Coaches/mentors are identified to assist in compiling business plans (where relevant).
• Information on the resources needed and procedures to be followed to achieve the plan is compiled to effectively execute the business plan. 
• The type of business ownership is decided upon and registration is completed accordingly. 
• The industry-specific and legal requirements for own venture are identified and explained in terms of how they will affect the venture. 
• All relevant information is gathered for the completion of the business plan.

Unit 4: Compile business plan

• The structure and layout of the business plan are designed to be compatible with the nature of own venture. 
• Business and operational goals are identified and procedures for the effective implementation thereof are outlined in the business plan. 
• Marketing plans are included in the business plan. 
• Financial and cash flow plans are included in the business plan. 
• An outline of how the business will operate and achieve marketing and financial objectives are included in the business plan. 
• A vision statement that represents the goals and objectives of the new venture is outlined and integrated into overall business activities.