QUESTION 1 [100 MARKS] Although you are employed full time and earn a good salary, your household expenses keep accumulating. You decide to start a side hustle to generate extra income, and want to do proper research rather than just jumping in. Required Prepare a business plan to discuss with, and convince, your family to create this new venture as a family business, to get their support, and to show each member of the family how they can have a role and duties.

1.1 Create a checklist outlining the entrepreneurial process to make sure you address all aspects of your business.