A friend of yours just told you an interesting story. While at their parents’ house over the weekend, your friend’s parents saw the textbook for an entrepreneurship class that your friend is completing this semester. The parents looked through the text and spent a bit of time studying the chapter on feasibility analysis. After doing so, they said to your friend, “When you were growing up, I launched and sold three successful businesses and never once completed a feasibility analysis.

What do you think the authors of the text would say about that?” After reading this chapter, what response would you suggest that your friend provide to their parents?