Spa and wellness industry. Cost & Risks: What are the biggest risks or obstacles in delivering your project and how might you reduce or overcome them? What type of funding might you need for your venture and where might you source this? Competitor Insight: What is the difference between a direct and indirect competitor for the spa industry? Who are your businesses main direct competitors? Who are the main indirect competitors, and why? Which other business are analogues e.g. offering service in a similar way but to different customers, or trying to reach the same target customers with a different product or service? What have you learned from a competitor(s) or analogue (s) that has informed your business idea? How is your product or service different or better than your competitors, how will it stand out from the crowd? Assumption Testing: How have you tested the main assumptions behind your idea? How has your business model canvas been updated and changed and why? Critically reflect on your experience and challenge faced and the abilities you have developed: undertake a personal audit of the skills and knowledge you have developed. This can include business sector specific knowledge and wider transferable skills, such as: communication (written and verbal), problem solving and using initiative, team work, organisational skills including time management and interpersonal skills, demonstrating autonomy and innovation. Pick three skills / knowledge areas and provide reflective evidence for each using the STAR approach briefly describe the situation/scenarios and the task/roles (in that situation), followed by a reflection on the actions taken and the final results