Assignment:
You have decided that you have a viable idea for starting a new business. From a macro point of view, use a column format and list what steps you will need to follow in order to get the business going from scratch.
- Now assume you have an idea(s) for reinventing/saving an existing business.
- Perform the same analysis using the column listing for this opportunity. Compare the two column lists and discuss your findings.
- What surprises you from the lists?
- Which process takes more time, money, expertise, support, etc?
- Which opportunity has a higher chance for success….why? Be detailed in your evaluation of the column lists.