In order to setup the business, the first things that i should do is by doing Feasibility Analysis. Feasibility Analysis is the process of determining whether a business idea is viable.
There are 4 forms of Feasibility Analysis :
(1) Product / Service Feasibility
(2) Industry / Target Market Feasibility
(3) Organizational Feasibility
(4) Financial Feasibility
During my first class on 22 August 2015, i have learned more about product / service feasibility analysis. For the beginning, i should make a Concept Statement in order to share the idea of the new business that i have plan to setup.
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