INTRODUCTION TO ENTREPRENEURSHIP
ENTREPRENEURIAL PROCESS
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Question
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Product/service, customer, benefit, delivery
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Product/service, market size, marketing strategy, location
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Product/service, competition, price, distribution
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Product/service, customer service, brand image, advertising
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Detailed explanation-1: -A feasibility study is simply an assessment of the practicality of a proposed project plan or method. This is done by analyzing technical, economic, legal, operational and time feasibility factors.
Detailed explanation-2: -Create a strong unique brand. Have a business plan. Know your unique selling points and capitalise on them. Budget for ongoing costs. Measure, don’t assume, demand. Set yourself apart from the competition. Work out your profit forecast. Consider up-skilling. More items •16-Mar-2018
Detailed explanation-3: -Past work experience/ spin-off from employment. Read also. Hobbies, talents, and interests. A hobby is something you enjoy doing during your leisure time. Customer surveys. Brainstorming. Expert consultations. Market gap analysis. Family and friends. Research and development. More items