Q.1.
Developing a business plan
Business plans are critical tools for business growth and development. They will vary depending on the needs of the organisation. A business plan should be supported by strategic plans, operational plans and often by a marketing plan and cash flow forecasts.
A business plan would generally be written for a start-up business; however, the business plan should be regularly revisited and might be rewritten, or a new business plan might be developed to fit specific circumstances.
A business plan might cover all the business activities in an organisation or be developed to describe and justify a new activity or venture.

List the typical elements of a business plan and the standard approaches to develop a business plan for a start-up business or an extension to business operations.
What information will contribute to the development of the plans, and from what sources will the information come?
Information from operations and strategic plan will contribute to development of the business plan. What is an operations plan and what is a strategic plan and how can they contribute to the business plan?