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                                                                                               •  Develop the business model

                                                                                               •  Forecast the revenues of the
                                                                                                   business


                                                                                             Forecast the costs to be incurred

                                                                                             Compute for profits
                             The learner                The learner independently or       Manifest understanding of starting            Week 5 – 9
                             demonstrates               with his/her classmates starts     and operating a simple business
                             understanding of           and operates a business
                             concepts, underlying       according to the business plan
                             principles, and            and presents a terminal report
                             processes                  of its operation.                        •  Implement the business plan

                            of starting and
                            operating a simple                                                   •  Identify the reasons for keeping
                            business.                                                               business records

                                                                                                 •  Perform key bookkeeping tasks

                                                                                                 •  Identify where there is a
                                                                                                    profit or loss for a business;
                                                                                                    and
                                                                                                 •  Generate an overall report on
                                                                                                    the activity
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