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GRADE 9
SUBJECT:ENTREP

Learning Task 5: Answer the following questions through writing a short paragraph or essay. Write in your answer in your notebook. 1. What are the steps in preparing a business plan? 2. Why is it important to know the steps in preparing a business plan? 3. If you are going to assess your community for a business proposal, what product or service will you offer? Why?​

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Answer:

1.

Step 1: Establish your mission. In essence, your mission statement explains why your business exists.

Step 2: Analyse your SWOT.

Step 3: Develop a plan.

Step 4: Create a budget.

Step 5: Put it in writing.

Step 6: Make it a living document. n

2.a business plan forces a company's founders to confront the realities of building a successful business.

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