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.

1.2 Draw up your business plan. Include:

A title page; Table of contents; Executive summary; Vision and mission statement; Overview; Products and or service plan; Marketing plan; Management plan, including flow and control of information; Feasibility and financing plan; Operating plan.

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 (15) Create a checklist outlining the entrepreneurial process to make sure you address all aspects of your business. Draw up your business plan. Include: 1.2 (80) A title page: Table of contents; Executive summary: Vision and mission statement; Overview; Products and or service plan; Marketing plan; Management plan, including flow and control of information; Feasibility and financing plan; Operating plan. 1.3 (5) Motivate whether/how you are going to address your social responsibilities and any possible ethical issues )