For both the bakery and cafe, understanding market demand involves identifying popular products and current trends such as gluten$-$free options for baked goods or specialty coffee preferences. This insight helps tailor offerings to meet consumer preferences and capitalise on emerging trends for sustained profitability.

Analysing competition entails assessing direct rivals like other bakeries or cafes within Quill City Mall and nearby areas, as well as indirect competitors such as supermarkets or food outlets offering similar products. Understanding competitor strengths and weaknesses informs strategic positioning and differentiation to capture market share effectively.

Financial projections require estimating startup costs, including equipment and staffing, and identifying revenue streams such as sales of baked goods or beverages, custom orders, and event catering or venue hire. Accurate financial planning ensures viability and guides resource allocation for sustainable business growth.

Location$-$specific factors such as foot traffic analysis and demographics help determine ideal spots within Quill City Mall for a bakery or cafe. Legal considerations encompass obtaining necessary licences, permits, and adhering to health and safety regulations, vital for operating a food establishment in compliance with local laws and standards

In conclusion, after conducting this analysis, weigh the pros and cons of each option based on the findings. Consider which business aligns more with your passion, expertise, and the market's needs. Also, think about the scalability of the business and your long$-$term vision. It might be beneficial to conduct surveys or focus groups to gather more insights directly from potential customers. Finally, consulting with a business advisor or someone experienced in the food and beverage industry can provide valuable personalised advice.

Perform Feasibility Analysis for your business idea that you had generated. The Feasibility Analysis that you are required to do as listed below:

$1.$Product$/$Service Feasibility Analysis$$

$2.$Industry$/$Market Feasibility Analysis$$

$3.$Organizational Feasibility Analysis$$

$4.$Financial Feasibility Analysis$$

Industry and Competitor Analysis