please solve this case, answer should be long

Case for Discussion Omar Rumah made his first lamp in his high school industrial amcan. Then, he samed making twvely lamps just for the fun of in. He sold a few to friend, chating just woh to cover his comb of materials. Eventually he was able to make a mall peolit on com undershe received through referral Chapter bow do now we work? By the time he was in college in Business Management, dance have the time to make his own lumps, so he started by very Lamps Alcan and selling them at arts and crafts around her hometown of VictouCHu selling items were the newest LED lamp even though they were to the expensive and most poctitable items that our curred. These lamps were justing to come in a very af shapes and sees. All of the newest LED bulb Some ofte optics and others were programmable. Omat understood that like the new technologies in the past the price of these items would start to come down and the very welcome would the demand. And, like light bulb we can overheat and their a specialized pore in downtown Victoria was bom. But would the idea work? Om knew that the fire indican wood be the market potential. In other witdi, how much money w his target market pending on his typed product? It only took about five minutes of eaching the wh for Olear to find government wurvey of boucholl spending in BC Thus showed that the chochold spenditure for lamps and lampshades was only $21 per year. From the Santa Casa web, found thar Victor hatt under 150 000 bouche, which can be whole ci pending roughly 53.2 million every yon lamps and bumpades (521 x 150 0001 Our had found his market potential Now he had to find out how machial that makes potential inchis ales forecast, Omar was able to identify aght cl, independent lighting in the city of Victorin. There would be his direct competitie Hindimet competes howevet. would be all of the furniture and department More that should including but metales like Walmart and Canadun Time. In the defines Vic that sold lamps. Including his own more the would man 31 competin buring the $3.2 million, Wege of S103 000 each. This was a drappointmefore sales forecast. It would not be nearly enough ales to cover and opens for the he end There was one small lighting storem downtown Victor that itsed style to the one Omur pictured for himself. He paid 535 to commercial art reporting gency to buy profile of the company. The report showed that there had of 5480 000. Omat wys delighted believing it cacat of what has cum more could do. But then, this was established Omar felt frammed. He knew he should try and get a bener estimate the dete his business, but in't know what else do 1. Number ande, dees Omur's idea fie a lampase that specialios m LED lamp ! like a good one! Why or why not? 2. Omar's estimate de market potential valud! What would be the file he was to find out the expenditures on LED lamponly! 3. Dicas Orte ampts at estimating hin future cale How casee the likely to be? 4. What the methods could be to toast an cstimate of his familie Spend from minutes on the web and see what relevant des you with 5. What the bald Omarcoder in deciding whether to me had with business idea! 6. If Omar decides to continue developing business idea what are the best she should take