Assignment: Flow Chart/Business Model

Flow Chart

List the 5-7 most critical actions you would need to take to convert your idea into a real business opportunity so that you could develop a business plan. Where are the check points during which critical assumptions are explored? Respond to two of your classmates' postings and discuss the critical decision points of their flow charts. At least 300 words and 1 reference. My business idea is starting a small flight school.

Business Model

One management factor that affects the growth of a new venture is a business model. How can entrepreneurial firms benefit by developing and using a business model? What impact does a business model have on growth and business development? What are the downsides for entrepreneurial ventures when an effective business model isn't put in place? Respond to two of your classmates' postings. At least 300 words with 1 reference.