Enterepreurship and small business module.

1. using the extract please discus the five as follow. The entrepreneurs skills, expertise and aptitude From other source from common needs from existing problems from everyday activities

2 Please use extract to discus how feasibility study can be used to ascertain whether business idea is a opportunity. looking at the points below

a. do you want to do what the idea suggest? b. can you meet the needs of the consumers? c. is there a market for the idea? d. can you communicate the idea to the consumer?

Under Armour Necessity is the mother of invention, or so the saying goes, and the founding of Under Armour was prompted by just that: necessity. In the mid-1990s, Kevin Plank was a University of Maryland football player who was constantly frustrated with wearing heavy, sweaty shirts under his jersey during practice and on game days. In 1996, Plank created an athletic undershirt for himself that stayed dry even during the toughest workouts and practices. It worked so well that he thought he might try to manufacture and sell them to other athletes. In a move that really puts the hustle" in his side hustle, he drove up and down the east coast for the next year, selling his shirts out of his car. They caught on, and soon he went from making individual sales to making team sales. Within two years, Under Armour moved out of Plank's trunk and into a legitimate warehouse and headquarters. Currently, UA is a well- known worldwide brand with nearly $4 billion in annual revenues. Adopted from: htips://vvvvw.itiebolan nomh comlov.cccssit Accessed: 27/02/2020 sinesses-uici bcyai ias-side-huslics-4147373 1] Using the business idea shown in the extract, discuss in a practical way, how FIVE (5) different techniques of generating business ideas could have resulted in the same business idea as in the extract. (10 marks) 2] Use the extract to discuss how a feasibility study can be used to ascertain whether a business idea is an opportunity (10 marks)