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.)” (Abrams as cited in Scarborough & Cornwall 2015 p. 237).
Overview
With this assignment, you will be addressing the fundamental question: Does this business have profit potential?
Instructions
Referring to the same business you started or purchased in the first assignment, write a 3–4 page paper in which you:
Conduct a feasibility analysis in which you research: Feasibility Analysis
Industry and market feasibility,
Product or service feasibility,
Financial feasibility,
Entrepreneurial readiness.
Based on your assessment does the business idea need to be modified changed significantly or abandoned? (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 that don’t include the textbook. Feasibility Analysis
This course requires the use of Strayer Writing Standards. For assistance and information, please refer to the Strayer Writing Standards link in the left-hand menu of your course. Check with your professor for any additional instructions.
The specific course learning outcome associated with this assignment is: Feasibility Analysis
Analyze a business plan to determine feasibility.
Include at least two references that don’t include the textbook.
This course requires the use of Strayer Writing Standards. For assistance and information, please refer to the Strayer Writing Standards link in the left-hand menu of your course. Check with your professor for any additional instructions.
The specific course learning outcome associated with this assignment is: Feasibility Analysis
Include at least two references that don’t include the textbook.
This course requires the use of Strayer Writing Standards. For assistance and information, please refer to the Strayer Writing Standards link in the left-hand menu of your course. Check with your professor for any additional instructions.
The specific course learning outcome associated with this assignment is: Feasibility Analysis