Homework: Feasibility Analysis
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.)".
Overview
With this homework, you will be addressing the fundamental question: Does this business have profit potential?
Instructions
Refer to the same business you described in the first homework, Creating a Small Business, and write a 3 page paper in which you:
I. Conduct a feasibility analysis by researching and analyzing each of the following topics and indicate how your business occupies that specific space:
i. Industry and market feasibility.
ii. Product or service feasibility.
iii. Financial feasibility.
iv. Entrepreneurial readiness.
II. 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.)
III. Include at least two references outside the textbook. For help with research, writing, and citation, access the Strayer Library or review the Bachelor of Business Administration Library Guide.
Format your homework according to the following formatting requirements:
i) The answer should be typed, using Times New Roman font (size 12), double spaced, with one-inch margins on all sides.
ii) The response also includes a cover page containing the title of the homework, the student's name, the course title, and the date. The cover page is not included in the required page length.
iii) Also include a reference page. The Citations and references must follow APA format. The reference page is not included in the required page length.
The specific course learning outcome associated with this homework is:
i. Conduct a feasibility analysis to determine whether a business plan is plausible.
Reference
Norman M. Scarborough. 2015. Entrepreneurship and Effective Small Business Management. p. 237.