Question: ? ? ? ? ? ? ? ? ? ? ? I s e c o n o m i c a l l y

???????????Iseconomicallyhealthy.
????????????Is new, expanding, or growing significantly.
????????????Is characterized by a large number of competitors rather than a few entrenched, large companies.
????????????Is able to withstand downturns in economic cycles.
???????????? Has positive forecasts for significant growth in the immediate future.
Your Product or Service
????????????Is proven and not unique.
????????????Is already in demand.
????????????If unique, there are significant barriers to keep others from competing with you.
????????????Is currently developed or can be developed in the near future.
???????????? Has a clear source of suppliers for the necessary materials or inventory.
???????????? Can be produced at a cost significantly lower than the future sales price.
????????????Is not burdensome -in terms ofcostor time - for new customers to convert to.
????????????Is consumable - meaning customers will use your product or service repeatedly.
Your Market
????????????Is clearly identifiable.
????????????Is large enough tobe able to support your business.
????????????Is small enough tobe able tobe reached affordably for marketing purposes.
???????????? Has shown itis already interested in your product or service.
????????????Is growing.
???????????? Has forecasts for significant growth in the immediate future.
???????????? Has existing sales channels to sell to your customers.
Your Competition
???????????? Exists.
????????????Is clearly identifiable.
???????????? Has market share that is widely distributed and is not dominated by a few major companies.
???????????? Does not have deep pockets to come after you.
Your Operations
???????????? Does not entail significant initial capital investment.
???????????? Does not require the purchase of substantial, expensive inventories.
???????????? Does not require new or unproven technologies.
????????????Is not reliant on one or two suppliers or distributors.
???????????? Does not entail unusual production or operational challenges.
???????????? Has a ready source of skilled labor.
???????????? Does not require expensive insurance or entail significant liability.
Your Leadership Abilities
???????????? You have started or run a company previously.
???????????? You have had training in entrepreneurship andor business management.
???????????? You have previous experience in this industry.
???????????? You are open to suggestions and guidance from others.
???????????? You are able tobe flexible and change course if the situation demands.
???????????? You have prior experience leading a team.
???????????? Others naturally find you tobe a leader.
???????????? You have the personal capability to develop your product or service.
???????????? You have the personal capability and willingness togo out and make sales.
???????????? You have a good credit history.
Your Management Team
???????????

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

I have attached the question. I will post student question when I receive one later. Chapter 2, Customer Behavior and 3, Segmentation of textbook can also be used. Marketing Management: MKT500 Week 1...

Q:

Since Ryanair DAC's2 emergence as an upstart challenger to the Aer Lingus Ltd.-British Airways plc duopoly in the late 1980s, it had been both a consumer champion and antagonist; a technological...

Q:

Using the Annual Report of your selected company answer the following questions in the Discussion: What are adjusting entries and why are they necessary? In your chosen company, which accounts might...

Q:

Instructor: Jones Student ID Major 1 ECON 2 FIN 3 MIS 4 MRKT 5 MNGT 6 ACCT 7 ACCT 8 ACCT 9 MIS 10 MIS 11 MIS 12 MIS 13 MIS 14 FIN 15 FIN 16 FIN 17 ECON 18 MRKT 19 MRKT 20 ECON Correct Answer...

Q:

Questions: 1. Identify the key criteria and considerations that need to be taken into account in evaluating BFSI entry in the proposed foreign markets. 2. Of the countries under consideration, which...

Q:

Hello, I would like help with the Baines Investment Inc, case study. Any help will be appreciated. CASE Baines Investments, Inc. Baines Investme11ts, Inc. is a private equity investment company...

Q:

please help to answer all 25 questions , thanks in advance. n tro d u c tio = S e e c yo 1 n to A t th e s in g le b e s t a to th e u r a n s w e rs a p p ro co m e s ta te m fo llo in g e x [D e p...

Q:

please help to answer all 25 questions , thanks in advance. n tro d u c tio = S e e c yo 1 n to A t th e s in g le b e s t a to th e u r a n s w e rs a p p ro co m e s ta te m fo llo in g e x [D e p...

Q:

please help to answer all 25 questions , thanks in advance. n tro d u c tio = S e e c yo 1 n to A t th e s in g le b e s t a to th e u r a n s w e rs a p p ro co m e s ta te m fo llo in g e x [D e p...

Q:

hey! can you help me with these questions? I've attached a document that has the questions. IIB . The F li n t F a n c u rr e n t p r o d u c ts U n it v A . C o r p o r a t io n The i s c o n s id e...

Q:

7) The AISI steel is subjected to cyclic load with a tensile mean stress of 200 MPa. Find the following: a) What is the life expected if the stress amplitude is 450 MPa? b) Estimate the , versus N,...

Q:

RCR has two support departments, X1 and X2, and two operating departments, Z1 and Z2. RCR has decided to use the direct method and allocate variable X1 dept. costs based on the number of transactions...

Q:

21. Why is it necessary to develop a definitional framework for the basic elements of accounting?

Q:

Bond X is noncallable and has 20 years to maturity, a 9% annual coupon, and a $1,000 par value. Your required return on Bond X is 12%; if you buy it, you plan to hold it for 5 years. You (and the...