| 1.00 | Understand business planning, business ethics, and resources. | 20% | B2 Understand Conceptual |
| 1.01 | Explain the nature of business plans. | 5% | B2 Understand Conceptual |
| 1.02 | Understand how to develop an organizational plan for human resources. | 5% | B2 Understand Conceptual |
| 1.03 | Explain the use of business ethics in entrepreneurship. | 5% | B2 Understand Conceptual |
| 1.04 | Summarize the external resources useful to entrepreneurs during concept development. | 5% | B2 Understand Conceptual |
| 2.00 | Understand costs and risks of starting up and running a business. | 15% | B2 Understand Conceptual |
| 2.01 | Explain start-up requirements for a business. | 3% | B2 Understand Conceptual |
| 2.02 | Explain how to determine cost of product using breakeven, ROI, and markup. | 3% | B2 Understand Conceptual |
| 2.03 | Understand how to calculate the break-even point. | 3% | B2 Understand Conceptual |
| 2.04 | Explain the nature of risk management. | 6% | B2 Understand Conceptual |
| 3.00 | Understand how financial procedures track money flow and determine financial status. | 15% | B2 Understand Conceptual |
| 3.01 | Explain the nature of overhead/operating costs. | 3% | B2 Understand Conceptual |
| 3.02 | Summarize the nature of income statements. | 4% | B2 Understand Conceptual |
| 3.03 | Summarize the nature of cash flow statements. | 4% | B2 Understand Conceptual |
| 3.04 | Summarize the nature of balance sheets. | 4% | B2 Understand Conceptual |
| 4.00 | Apply the marketing mix to an entrepreneurial venture. | 20% | B3 Apply Conceptual |
| 4.01 | Plan the product and service mix for a business. | 5% | B3 Apply Conceptual |
| 4.02 | Identify approproate channels of distribution for a business. | 5% | B3 Apply Conceptual |
| 4.03 | Develop a promotional plan for a business. | 5% | B3 Apply Conceptual |
| 4.04 | Calculate prices for products and service prices. | 5% | B3 Apply Conceptual |
| 5.00 | Apply knowledge to develop a business plan. | 30% | B3 Apply Conceptual |
| 5.01 | Conduct an organizational SWOT analysis. | 10% | B3 Apply Conceptual |
| 5.02 | Implement an action plan. | 10% | B3 Apply Conceptual |
| 5.03 | Implement a business plan. | 10% | B3 Apply Conceptual |
