Question $1$

$30$ Marks

Study the scenario and complete the question$($s$)$ that follow:

You are preparing a business plan for a startup in South Africa and you aim at developing Software and Computer solution to a companies based in Johannesburg, South Africa. Your business aims to offer innovative solutions in a competitive market. The plan must encompass various aspects of entrepreneurship, including ethical practices and financial management.

$1.$ Describe the essential elements of an effective business plan for a new venture in South Africa.

$(10$ Marks$)$

$2.$ Elaborate on five key ethical business practices that you will consider to ensure the success and sustainability of a new business in South African environment.

$(10$ Marks$)$

$3.$ Analyze the role of financial and risk management in the business planning process and explain how they can impact business operations.

$(10$ Marks$)$

End of Question $1$