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Lesson 09 - Discussion

Lesson 09 - Discussion

Q A feasibility study gives you a way to test a new concept in the marketplace. By contrast, a business plan is a more comprehensive analysis that includes, in addition to the market research, a discussion of the operational and financial management and controls of the new business. Which one do you start with and why? Discussion Requirements: 1. Your initial post should be at least 200 words, written in APA style with a reference supporting your position (due by Saturday at 11:59pm each week). 2. Read, evaluate and compose a substantial in-depth response to at least two of your peers (these must be posted on two different days-- due by Tuesday at 11:59pm). 3. Correct grammar, spelling, and punctuation are expected.

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I would start with a feasibility study first so that I can understand the pros and cons as well as the probability of implementing a specific strategy in the marketplace (Saleh, 2020). This is because there will always be chances that my startup operations will be risky to implement. The feasibility study will give me a great opportunity to prepare for designing my business plan. The feasibility study will let me know about the strengths of my business operations and the scope available in the target markets for my new business (Saleh, 2020).