Oliver teaches an introduction to business course at a public university. As part of the curriculum, Oliver needs to demonstrate to the students the steps involved in starting a business and plans to introduce the steps in sequential order. What is the first step he should discuss?Multiple Choicehave a general idea for the new businessdevise a strategy to guide planning and development in the businessassess the financial resources needed to start a new businessdecide whether to acquire an existing business, start a new one, or buy a franchise

When starting a new business, the first step should be to…Find a location for the business.Name the business.Seek start-up capital.Write a business plan.

The section of the business plan that is designed to initially captivate and energize a potential financial investor would be theMultiple Choiceexecutive summary.financial plan.dynamic introduction.profit plan.marketing plan.

Structure of a Business Plan:

The need for a business plan includes all except:  *1 pointPlanning to launch a new businessExpanding your existing businessAdding a new product or product lineIncreasing your labour force

Name 4 main parts of a business plan.