Review chapter $2$ and considering assignment $1,$ Please prepare the Feasibility portion of Business plan.

Include following

Market potential: Explain the general area where your business will be located, describing the surrounding population of potential customers. Clearly define the market potential you will be estimating. In other words, you will be calculating the annual expenditures of which group of potential customers on what product or service?

Competition: Name, locate, and briefly describe any direct competitors to your business. Provide an estimate of the sales of each, explaining your sources of information.

Sales forecast: Make as many sales forecast estimates as you can, using different methods. Rank the different estimates to show the range of sales you might expect.

Insurance: How would you protect your business assets? What type of insurance you might need?