Assignment overview

$$An idea is just that$$an idea. It may be something that can be turned into a profitable business, or it could just be something interesting. An opportunity is much more; it is an idea that if managed correctly can result in a successful new business. Before writing a full business plan, entrepreneurs engage in an opportunity assessment process to determine if their idea has merit. Opportunity assessment consists of a qualitative assessment and a detailed analysis, including quantitative measures. After completing a full assessment of an idea, entrepreneurs then decide whether to proceed with writing a business plan$($Balderson et al$.2023).$ The purpose of this assignment is to analyze and identify potential business opportunities within a chosen industry$/$sector$.$ The goal is to determine which idea presents the greatest opportunity for success and to present a professional report suitable for potential investors or stakeholders.

Learning outcomes being assessed

Conduct a market feasibility analysis and profitability assessment to evaluate potential business opportunities $($CLO$2).$ Communicate clearly, concisely and correctly in the written, spoken, and visual form that fulfills the purpose and meets the needs of the audience $($EES$1).$ Use a variety of thinking skills to anticipate and solve problems $($EES$5).$ Analyze, evaluate, and apply relevant information from a variety of sources $($EES$7).$

Instructions

In this group assignment, you will analyze and identify potential business opportunities within a chosen industry$/$sector$.$ The goal is to determine if your business idea presents a great opportunity for success. Please take the following steps:

Cash Flow Forecast $($Excel sheet$)$: Fill out the excel sheet to assess the feasibility of your business.

Feasibility Sheet $($Word Document$)$: Under each bold point, choose components that apply to your business idea, and provide answers to each one of these components.

PS: Ensure to upload your cash flow forecast and your feasibility sheet before submitting your assignment.