Prepare a Feasibility Analysis for a Product or Service You

question 44

Essay

Prepare a feasibility analysis for a product or service you have thought about in the past and that may have market value. Answer the following questions: Is there a customer and market of sufficient size to make the concept viable and able to grow? Do the capital requirements to start and operate to a positive cash flow make sense? Can an appropriate startup or founding team be assembled to effectively execute the concept?

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Definitions:

Preconscious Mind

Part of the mind that contains thoughts, memories, and feelings that are not currently in conscious awareness but can be easily brought to consciousness.

Unconscious Mind

The part of the mind that operates without a person's conscious awareness, influencing behaviors and thoughts.

Personality

The unique set of emotional, thought, and behavioral patterns that define an individual's personal style of interacting with the physical and social environment.

Iceberg Analogy

A metaphor often used to describe situations where the observable part of something is only a small portion of its whole.