ASSESSMENT OF ENTREPRENEURIAL QUALITIES, BUSINESS TRANSFORM A BUSINESS PLAN INTO AN ACTION PLAN, STARTING A BUSINESS VENTURE BASED ON AN ACTION PLAN; PRESENTATION OF BUSINESS INFORMATION QUESTION 1 Business managers need to be capacitated the on transformation of a business plan into an action plan and starting a business venture based on an action plan. They must also have to present their information to the stakeholders. The business should be aware of strategies it can use to ensure that it remains profitable and having customer base 1.1 Discuss key success factors of a business: Profitability : customer base (5) 1.2 Recommend areas of improvement that business managers must be capacitated (5) 1.3 Suggest strategies that business can use to ensure that business remain profitable Thorough planning Sound managing finance Behaving ethically 1.4 Explain purpose of business plan 1.5 Discuss the importance of a action plan 1.6 Suggest project planning steps 1.7 Explain one of sources of funding: Issuing of shares 1.8 Suggest factors that influence the choice of funding - Risk - Cost of finance 1.9 Explain the importance of presenting business information (5) 1.10 Explain how presenter must prepare posters as visual aids (5) TOTAL [50]