\begin{tabular}{|l|l|l|l|l|} \hline Technology:Whatdevelopmentsintechnologymayimpactyourbusinessideainthefuture? & & & & \\ & & & & \\ \hline Customers:Whatwouldbeyour & & & & \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|l|} \hline customer base? How & & & \\ is your customer base & & & & \\ changing? & & & & \\ & & & \\ \hline \end{tabular} An Environmental Scan Environmental scanning is a process that systematically surveys and interprets relevant data to identify external opportunities and threats that could influence future decisions. It is closely related to a SWOT analysis and should be used as part of taking the pulse of a good idea or opportunity. In this case it may help you narrow down your choices for a new business idea. Complete the checklist below and discuss how these components impact your decision to move ahead with your business idea. Provide a scan of three business ideas below and discuss what you learned by completing the scan. It is possible that not all components will apply to all your business ideas. \begin{tabular}{|l|l|l|l|l|} & & & & \\ \hline Economy:Whatishappeningintheeconomythatcouldaffectyourfuturebusiness? & & & & \\ \hline Laborsupply:Whatisthelabormarketlikeinthegeographieswhereyouoperate?Howcanyouensurereadyaccesstohigh-demandworkers? & & & & \\ \hline Political/legislativearena:Whatimpactwillelectionoutcomeshaveonyourbusiness?Isthereimpendinglegislationthatwillaffectyourbusiness? & & & & \\ \hline \end{tabular}