Question 1 (50 marks) In 2022, you and your four team members joined The Cyberport University Partnership Programme (CUPP), which was supported by the Cyberport Creative Micro Fund (CCMF). Your team's innovative ideas impressed the judges and earned you a place among the winning teams. As a result, you were awarded a HK$100,000 grant from CCMF and given the opportunity to participate in their mentorship programme, with a fast-track admission to the Cyberport Incubation Programme. Excited by the prospect of turning your idea into a real business, you and your team members are fully committed to making it happen upon graduation. With the above background information, please answer the following question accordingly. a) Which business structure would best suit the needs of your business idea? Provide a clear rational for your chosen business structure. ( 8 marks) b) What are the different sources of capital you may consider? (6 marks) c) What strategies do you plan to use to manage your capital structure as the business grows and evolves? ( 9 marks) d) What are the possible stages of your business and how do they differ from each other? What are your criteria for selecting investors at each stage of your business? (12 marks) e) What is your plan for succession planning? What are the potential risk associated with your planning and how do you plan to mitigate them? (15 marks) Question 1 (50 marks) In 2022, you and your four team members joined The Cyberport University Partnership Programme (CUPP), which was supported by the Cyberport Creative Micro Fund (CCMF). Your team's innovative ideas impressed the judges and earned you a place among the winning teams. As a result, you were awarded a HK$100,000 grant from CCMF and given the opportunity to participate in their mentorship programme, with a fast-track admission to the Cyberport Incubation Programme. Excited by the prospect of turning your idea into a real business, you and your team members are fully committed to making it happen upon graduation. With the above background information, please answer the following question accordingly. a) Which business structure would best suit the needs of your business idea? Provide a clear rational for your chosen business structure. ( 8 marks) b) What are the different sources of capital you may consider? (6 marks) c) What strategies do you plan to use to manage your capital structure as the business grows and evolves? ( 9 marks) d) What are the possible stages of your business and how do they differ from each other? What are your criteria for selecting investors at each stage of your business? (12 marks) e) What is your plan for succession planning? What are the potential risk associated with your planning and how do you plan to mitigate them? (15 marks)