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From the lectures on “Sources of Innovative Opportunity” you must identify a business opportunity and develop a preliminary business model defining how it will operate and prosper.
All such business opportunities need to be defined by a business plan, for two reasons:
1.    To prove to a potential financier that the business venture is financially viable.
2.    To act as a blueprint for the management team in establishing the business and developing it for the next three years.



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