finance a new venture on our own. We would need the financial assistance of investors. In this discussion, you are going to "test" your skills at presenting you business plan to potential investors.

Instructions

Consider your classmates as potential investors. Adapted from the $10$ Most Important Questions a Business Plan Should Answer, from Chapter $6,$ formulate an initial response to the discussion questions below.

Is the New Venture Business Plan an idea, or is it an opportunity with real potential that you intend to explore?

Is the product or service viable? How does it add significant value to the customer? Share some results of your feasibility analysis to support your response.

Indicate the industry and describe its current state $($exciting$,$ growing, etc.$).$ Would you have an attractive position within the industry?

Describe your defined target market. Is it welldefined?

What are the points of differentiation that will separate it from its competitors? Are the points of differentiation sustainable?

Is the currently drafted marketing plan $($as a component of the business plan$)$ sound?