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Entrepreneurship

Entrepreneurship. Mr. Bernstein Feasibility Analysis, pp 94-99 October 8 , 2013. Entrepreneurship Mr. Bernstein. Business Concept Statement Clear and Concise Description of an Opportunity, including: Product or Service offered Customers Benefits provided Delivery of benefits.

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Entrepreneurship

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  1. Entrepreneurship Mr. Bernstein Feasibility Analysis, pp 94-99 October 8, 2013

  2. EntrepreneurshipMr. Bernstein Business Concept Statement Clear and Concise Description of an Opportunity, including: Product or Service offered Customers Benefits provided Delivery of benefits

  3. EntrepreneurshipMr. Bernstein Feasibility Analysis: Testing a New Business Concept Know the Industry trends Talk to potential customers about their needs Develop Prototype of Operations, Protection Self-Analysis of Founding Team

  4. EntrepreneurshipMr. Bernstein Feasibility Analysis, cont. Study the competition Who is your competition? What are their successful products/services? Why are those products successful? … “Benefits” Where are they located (including internet)? … “Distribution” How do they promote their business? Outline the strengths and weaknesses of your competitors Determine Startup Costs Understand the Value Chain

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