Explain the purpose of a feasibility analysis


Discussion Question 1

Discuss the value that entrepreneurship brings to both a country's economy and society. Next, identify two or three challenges that entrepreneurs must overcome and how the use of a comprehensive business plan can enhance their chance of success. Provide support for your response.

Discussion Question 2

Explain the purpose of a Feasibility Analysis and describe how it differs from a Traditional Business Plan. Next, identify three elements of a Feasibility Analysis that may keep an entrepreneur from moving forward with their business concept. You will also need to fully describe how the use of a business plan can help overcome these challenges.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Business Management: Explain the purpose of a feasibility analysis
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