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Instructions After consulting the required resources, answer the following quest
Instructions After consulting the required resources, answer the following questions for each of these stages: Opportunity Analysis Explain what this stage consists of. Is having a good idea enough to start a business? Are there any other aspects you should consider? Acquiring Critical Resources to Grow the Business Explain what this stage consists of. What do you consider more important for growing a business, human resources or financial resources? Justify your answer. Executing the Business Plan Explain what this stage consists of. Many entrepreneurs have a well-formed concept of the business they want to start in their minds, so they don’t consider it necessary to develop a plan for their business idea. Do you agree with this position? Future of the Business Explain what this stage consists of. Discuss two (2) examples of how a business can be developed beyond its initial idea.
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