Introduction “A feasibility analysis is a chance to open your eyes, ask yoursel

Admin/ July 12, 2022/ Business and Management

Introduction
“A feasibility analysis is a chance to
open your eyes, ask yourself some very tough questions, then check to
see whether your idea, as originally conceived, needs to be modified,
refocused, or changed dramatically. (Or perhaps even scrapped
altogether.)” (1).
Overview
With this assignment, you will be addressing the fundamental question: Does this business have profit potential?
Instructions
Refer to the same business you described in the first assignment, Creating a Small Business, and write a 3–4 page paper in which you:
Conduct a feasibility analysis by researching and analyzing each
of the following topics and indicate how your business occupies that
specific space:
Industry and market feasibility.
Product or service feasibility.
Financial feasibility.
Entrepreneurial readiness.
Explain whether the business idea needs to be modified, changed
significantly, or abandoned based on your feasibility analysis. (Note: If you abandon the business idea, then you will need to select and analyze a new business that has profit potential.)
Include at least two references outside the textbook.

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