Reference no: EM132118215

A couple of thought/questions/suggestions:

1) is about what needs are you filling for your target market--not what you need to do.

2) You need to provide a lot of research on your competition to entice investment. Potential money sources will wonder if all the new food delivery services aren't providing the same thing. You might consider showing a comparison chart of what each major player provides vs your venture.

3) There are a lot of differing ideas on what constitutes a good diet, or how to lose weight, or how to manage diabetes, etc. Consumers may also have questions about which type diet is best for them.

If you can gather individual consumer data about their current situation and their goals, you might then show them how the major diet plans support their needs in a comparative manner. You can then offer a plan that meets their needs and beliefs as to which diet is best.

4) I know that some food services provide fast freeze meals while others provide ingredients, and still others provide dry food plans. You should provide some research to show what the demographics are for each.

1, A feasibility analysis will help you create the various sections of the business plan that you'll eventually present to the competition's judges. Do you and your management team have the enthusiasm, skills, and financial acumen necessary to make your business a success? You ask your faculty mentor for help, and you are introduced to Sarah Jones, a dynamic entrepreneur who started a successful business.

Take notes on Sarah Jones' insights about how to assess the financial, product/service, industry, and organizational feasibility of your potential new business.

• Product and service feasibility

• Industry feasibility

• Management feasibility

• Financial feasibility

Click on each section of the interactive resource to learn from Sarah Jones, a successful entrepreneur. As you review Sarah's business experiences, take notes to help you complete the feasibility template in Task 2. You might also want to review the Harvard Business Review video, "Why most businesses fail," in the following resources section for additional guidance.

This task is not graded, but you will use this information as you develop your feasibility analysis.

2, Sarah Jones provided valuable information on how to assess the feasibility of your new venture. Use this information as you formulate a brief feasibility analysis that will be your guide to creating the overall feasibility video presentation.

The feasibility analysis will prove to your faculty mentor that you can "talk the talk" and "walk the walk." This exercise in understanding the feasibility of your business will prove to be handy as you eventually present the brief overview in round 2 and while you create the other sections of the business plan.

3, Convincing the judges in round 2 that you have the overall business acumen to move to the final round is crucial, so it's important that you can effectively articulate your feasibility analysis in a way to convince others about your business' propensity for success.

To prepare for round 2, you will create a video presentation for your mentor to articulate the viability of your business idea. You will use the content from your feasibility analysis document to integrate into the video presentation.

4, Create a 2-5-minute video presentation reviewing your feasibility analysis. About 5-7 sidles PPT