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Starting a Business: Process, Feasibility Studies, and Market Opportunities

   

Added on  2023-01-05

14 Pages986 Words44 ViewsType: 44
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Starting a Business: Process, Feasibility Studies, and Market Opportunities_1

INTRODUCTION
Motivation for choice of business
The process you went through to generate the business idea
Feasibility studies conducted
Details of the product or service to be offered
Potential market opportunities
Attractiveness of the industry
Vision for your business
CONCLUSION
REFERENCES
Starting a Business: Process, Feasibility Studies, and Market Opportunities_2

Enterprise is considered as a small firm that incorporates practices related to
managing entities as well as its operations. Moreover, a person who formulates
new enterprise through considering risk as well as enjoying success is also
regarded as an entrepreneur. As this is also comply known to be innovators, source
of new business thought, goods or service. It plays vital role within economy
through using their competencies as well as initiatives essential for satisfying
requirements through facilitating new ideas to marketplace.
Starting a Business: Process, Feasibility Studies, and Market Opportunities_3

The process you went through to generate the business idea
Concentration upon their core product: the core opportunities which are determined
based upon the marketing trend societal atmosphere and economic atmosphere
of UK. Moreover, the key product that was determined belongs for hospitality
sectors any food & beverages industry which is restaurant.
Keep their pitch simple:
Mapping it:
Planning
Use marketing tools which perform effectively
Implement a plan of action
Starting a Business: Process, Feasibility Studies, and Market Opportunities_4

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