Feasibility Analysis
Introduction:
After coming up with some ideas for a new business, entrepreneurs then screen those ideas to find the best idea. Finally, they perform a feasibility analysis to determine the viability of their business idea before they begin a business plan. You practiced feasibility analysis concepts in the learning activity.
As preparation for your assignment in Unit 2, develop and describe your own startup business idea and then conduct a brief feasibility analysis by considering all of the following: (1) market potential, (2) industry attractiveness, and (3) new venture leadership