Business Model and Feasibility Study your individual term paper!

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Presentation transcript:

Business Model and Feasibility Study your individual term paper!

Business Model Vision: What will your business look like 10 years from now? Vision: What will your business look like 10 years from now? Mission: What, in general, will you do to get there? Mission: What, in general, will you do to get there? Goals: What, specifically, will you do and by when will you do them? Goals: What, specifically, will you do and by when will you do them? SWOT: What internal and external positive and negative factors will you have to be aware of and deal with? SWOT: What internal and external positive and negative factors will you have to be aware of and deal with? Key Success Factors: What are the factors that any business needs to be successful in the industry you have chosen? Key Success Factors: What are the factors that any business needs to be successful in the industry you have chosen? Competitive Profile Matrix: How do you rank against your competitors using the KSFs? Competitive Profile Matrix: How do you rank against your competitors using the KSFs? Strategy: What will you choose: cost leadership, differentiation, or focus? Strategy: What will you choose: cost leadership, differentiation, or focus?

Feasibility Study Industry and Market Feasibility: Did you choose the right industry and market? Why do you think so? Industry and Market Feasibility: Did you choose the right industry and market? Why do you think so? Product and Service Feasibility: Will you be able to produce the product or service at a cost so you can sell at a price that gives you a profit and customers will buy Product and Service Feasibility: Will you be able to produce the product or service at a cost so you can sell at a price that gives you a profit and customers will buy Financial Feasibility: Will you earn enough so that your money, time and effort will be well spent or is it better if you put you money in the bank and you get a job? Financial Feasibility: Will you earn enough so that your money, time and effort will be well spent or is it better if you put you money in the bank and you get a job?