1 Learning Outcomes:
Present the steps involved in conducting a feasibility analysis.
Identify the components of the business model canvas and explain how to use them to develop a viable business model.
Explain the benefits of an effective business plan.
Describe the elements of a solid business plan.
Explain the three tests every business plan must pass.
Explain the “five Cs of credit” and why they are important to potential lenders and investors reading business plans.
Understand the keys to making an effective business plan presentation.
Understand the advantages and disadvantages of buying an existing business.
Explain the four steps involved in the right way to buy a business.
Describe the five steps of the deal stage for buying a business the right way.
Understand the transition stage for buying a business the right way.
5.2 Action Required:
Watch the short video at the following link:
5.3 Test your Knowledge (Question):
Define the components of a successful business plan?
Answer the question available in the “Test your Knowledge” section.
Post your answer in the discussion board using the discussion link below