You will be required to work individually in identifying a business idea that will manifest itself into a Feasibility Study These topics are really the benchmark activities that the course focuses on.
A Feasibility Study is the initial checkpoint. The goal here is to simply discover if your idea has substantial potential as a business opportunity. In other words, does your business model make sense? Simply stated - can it make money and is it scalable?
When you finish your feasibility study, you should have an indication of: "Is it worth taking your idea into a full-blown business plan?"
For this feasibility study, you will be evaluated on your ability to research the customer, competition, industry, and margin
.Answer the following questions:
• What is your Business Idea?
• Is your business idea just an "idea" or a "passion" idea?
• What is your Position in the marketplace?
• Where is your Business Located?
• How is your Business Different (and/or better)?
• Who is your Niche market?
• What personal skill or knowledge do you bring to the business?
Attachment:- Outline for Feasibility Study.rar