a. If you are planning a business of taking people to the space so they can experience "space walking" (away from the earth's gravity) and "space living", chart out the steps involved in conducting a "feasibility study" before embarking on a detailed business plan for that venture.
b. Identify as to how the major corporations used weak ties to fine-tune their strategies? (2) Today entrepreneurs can find weak ties easily- Why?
c. How does the Corridor Principle and Theory of Weak Ties help strengthen the Venture Feasibility Study?
d. Some neighbors living near a local community college (say Macomb C C), have been thinking of opening a Thai restaurant in that area. They have a limited budget so it is very important to them to have as good of an idea as possible of what their total start-up costs will be and what their first year’s sales will be. How would you recommend that they estimate the total start-up costs of opening the restaurant and their first year sales?
e. What are some of the red flags that would suggest that the overall financial attractiveness of a proposed new venture is poor? Which of the red flags you identified would suggest that a proposed venture isn’t realistically feasible?