Homework: Feasibility Analysis
"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 homework, 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 homework, write a 3 to 4 pages paper in which you:
A. Conduct a feasibility analysis in which you research:
• Industry and market feasibility.
• Product or service feasibility.
• Financial feasibility.
• Entrepreneurial readiness.
B. 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.)
C. Include at least two references that don't include the textbook.
D. This course requires the use of Strayer Writing Standards. For assistance and information, refer to the Strayer Writing Standards link in the left-hand menu of your course. Check with your professor for any additional instructions.
Format your homework according to the give formatting requirements:
• The answer must be using Times New Roman font (size 12), double spaced, typed, with one-inch margins on all sides.
• The response also includes a cover page containing the student's name, the title of the homework, the course title, and the date. The cover page is not included in the required page length.
• Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.
The specific course learning outcome associated with this homework is:
• Analyze a business plan to determine feasibility.