These are important factors to consider as you conduct your research:
· A group of angel investors owns 40% of the virtual business.
· Each virtual team member was selected to start and operate this virtual business.
· The angel investors hold three out of five permanent seats on the board of directors of your virtual business.
· The angel investors will provide $100,000 to fund the virtual business.
· It is the job of the virtual team to convince the angel investors that you deserve funding for your new virtual business venture.
· Discuss the differences between a business plan and a strategic business plan. Why is this important?
· As a virtual team, choose an approved virtual business from the list provided by your instructor to develop a strategic business plan.
· Conduct research and discuss what type of virtual business you will develop and how it differs from any competitors. Explain your perspectives.
· Discuss the components and process of building a strategic business plan for a virtual business.
· As a collective, construct and agree upon an outline for your strategic business plan.
· Describe the organizational identity of your virtual business.
Synthesize academic research to support your thoughts, ideas, statements, and opinions. Apply proper current APA style citation format.
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