See Figure 201: The Comprehensive Feasibility Analysis/Business Planning Process on page 22 (2nd Edition). Here, Barringer presents a model with 5 steps:

(1) Identify a business idea,

(2) screen the idea to determine its preliminary feasibility,

(3) conduct a full feasibility analysis,

(4) prepare a written business plan, and (5)

present the business plan to investors and others.

What do you think of these five steps? Is this the ideal five-steps for all types of businesses? For example, compare and contrast how this model might look different for a lawn mowing startup vs. an innovative technology startup.Hint: there is no wrong answer here, I just want you to critically think about it.