Each of the following components of the business plan should be used as headings. For your chosen business: Conduct a feasibility analysis and analyze the industry and market. Provide an overview of the industry.
1. What are the government regulations?
2. What is the life cycle of a business in the industry?
3. Discuss each of Porter's Five Forces
4. Is there a customer or a market of sufficient size to make the concept viable? 5. What are the estimates of sales and expenses for the first 3 years?
6. What is needed for startup funding?
7. What are some important biblical concepts to consider in this part of the business plan?