Elements and Performance Criteria
- Demonstrate an understanding of the costs and benefits of small/micro business
- Analyse the obligations and risks of operating a small/micro business
- Identify mechanisms for supporting business success
- Evaluate opportunities for business learning, mentoring and advice
- Identify the key components of a business plan and the skills and knowledge required to develop and monitor the business
- Evaluate personal attributes required to operate a small/micro business
- Identify potential mentors, advisers, networks and sources of assistance for the business and how they may be engaged