Reference no: EM131503288

Throughout this course, the strategies, the highs, and the lows (to name a couple) of being the owner of a small business will be evaluated. Entrepreneurs are known for being innovative. In fact, many startup ideas make use of innovation and awareness for idea generation purposes. An entrepreneur must consider the type and source of an idea while determining the thought process method best suited for a successful outcome. The analytic's cannot be discounted as they offer important details when formulating a strategy. As the progression continues, one must narrow down which idea will be the chosen one for launch.

To assist in this decision, a feasibility analysis is completed. The framework of the feasibility analysis includes (to name a few), the ability to identify the needs of the marketplace, at what level is the competition, what is the standing of the industry, and an evaluation of the environment. This week, you are to post a feasibility analysis of your previously mentioned venture idea paired with at least three terms from the chapter interconnecting each aspect.

Discussion Post Instructions

1. Your initial post should be at least 200 words with peer responses of at least 100 words.
2. Make sure to reference at least one source, of your choosing, within your initial post to support your thoughts.
3. Please attempt to make your initial substantive post by midweek and respond with an equally substantive post to at least one other student's post by the end of the week. Please check the Course Calendar for specific due dates.