Entrepreneurship

Small Business: Personalizing Gifts

developing a feasibility study:

    The Target Market: Explain your ideal customer or client and the reason for engaging this specific market.

    Market Potential: Using primary research, describe the size of your market space, and the opportunities your business will have to approach the market space.

    Competition: Identify 2-3 major competitors to your business within your market space.

    Estimated Sales and Expense Forecast: Describe how you will price your products or services. Also, explain how much you estimate will be made in sales and expenses during the next 14 weeks.

    Potential Risks, Issues, and Challenges: Using research, identify any risks, issues, or challenges that might impact your small business.

Answer rating: 100% (QA)

In order to build my business I have to be able to determine whether or not this idea will benefit my target market I start by creating a feasibility study for my business in order to identify what th... View the full answer