Assume that you are planning to start a business venture. Illustrate a business idea and show how it grows and develops using the the five stages of business life cycle using revenue model: (1) Development Stage, (2) Startup Stage, (3) Survival Stage, (4) Rapid-Growth Stage, and (5) Early-Maturity Stage by considering the following key points:
i) Outline major elements of your business plan;
ii) Financing each business stage;
iii) Business exit strategy and
iv) Strengths and weaknesses of the business.