This assignment requires students to develop a formal business plan for a small enterprise nominated by their trainer or assessor. The plan must include a comprehensive analysis of the strengths and weaknesses of various business plans, implementation strategies, performance measurement approaches, benchmarking, and long-range direction forecasts. Students are expected to demonstrate critical thinking skills, knowledge of relevant business theory, and an understanding of key aspects such as marketing, financial management, human resource planning, risk management, and operational planning.