Question: First Case: Not every good idea can be a successful project According to the above statement and as an entrepreneur think about setting up a
First Case:
"Not every good idea can be a successful project"
According to the above statement and as an entrepreneur think about setting up a project, there is a sequence of
steps that you must take before you start writing your business plan. From this point of view, answer the following:
A Is the above statement true or not? And why?
B Explain the first and second steps you should take as a starting point to think about setting up an entrepreneurial
project?
C What are the types of third step that precedes writing the business plan directly?
Second case:
A feasibility study will be the basis for giving the green light to start the actual planning and implementation of the
project.
As an entrepreneur with the necessary vision and knowledge:
A What are the components of the feasibility study for your project?
B Explain the importance of each element of the feasibility study for the project
C Based on the "intensity of market competition" draw a simple scheme to show the market dynamics that affect
the profitability of your project.
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