Imagine you are starting a small business but will be in direct competition with the big box retailers in your area.
Conduct a SWOT analysis of your small business to assess the Strengths and Weaknesses of your firm in relation to these retailers. Also assess the Opportunities and Threats
Conduct a feasibility study for your business; will your business be viable, especially in the face of stiff competition? What are some important questions and factors to ask and consider when conducting a feasibility study?