feasibility of a new venture.

1. Uniqueness is not the only factor that needs to be considered when evaluating the feasibility of a new venture. Using the feasibility criteria approach analyze George’s proposed new venture. Given that there is very limited information presented, your analysis may consist of the questions that need to be answered to make a determination of the ventures success.
2. In addition to the uniqueness feature, what other critical factors is George overlooking? Identify and describe three, and give your recommendations for what to do about them.

You are strongly encouraged to perform additional research to supplement your analysis (above and beyond the assignment details). Using the course materials as references will be considered additional research.

Your paper should be 12 font, Times New Roman, double spaced. To cite your sources please use APA formatting. The paper should be a minimum of 3 pages (not including cover sheet, table of contents and reference page-if all provided). This assignment is due at the end of Week 4. Any submission past the due date will receive an automatic 15% deduction.

Uniqueness is not the only factor that needs to be considered when evaluating the feasibility of a new venture. Using the feasibility criteria approach analyze George’s proposed new venture.

Introduction

George is proposing that he start a new venture, which will sell books online. There are several factors that need to be analyzed when evaluating the viability of this new venture. What are the key factors that need to be analyzed? How can they be quantified? What is the relative importance of each factor? Required Resources (TR)

George has proposed a new venture that will sell books online.

George is a student at university. He has a passion for books and wants to sell them online. George has a business background, so he knows how to run his own business and how to market it. He also has a website where people can buy his books online.

George’s product is called “Book 1”, which is made from paper pulp (the first step). Then there are two other steps – printing on paper and binding the book with glue (the second step), which makes it look like an actual book!

There are several factors that need to be analyzed when evaluating the viability of this new venture.

There are several factors that need to be analyzed when evaluating the viability of this new venture. One such factor is uniqueness, which can be evaluated by looking at how much time and money it will take for competitors in the market to come up with something similar. Another factor is profitability, which can be determined by looking at whether or not you will make enough money from your product or service. Finally, there are many other factors that should be considered when analyzing whether or not a proposed venture would succeed in this market segment:

What are the key factors that need to be analyzed?

The key factors that need to be analyzed include:

• How feasible is George’s proposed new venture? What are the chances of success?
• What will it cost and how long will it take to implement this venture? Is there a realistic chance for profit from this venture, or should George consider another idea that has greater potential for success and less risk associated with it (and therefore lower costs)?
• Are there any risks involved in implementing this project or another one like it? Are these risks manageable given our resources and abilities as an organization/project team, etcetera?

How can they be quantified?

The TR is a measure of the amount of resources required to realize the project. It can be calculated as follows:

• The number of people needed to execute the project, which includes all employees involved in its execution (i.e., those who actually produce something).
• The number of people needed to manage it (i.e., those who oversee its day-to-day operations).
• The number of people needed for support (i.e., those who provide assistance during implementation or production).

What is the relative importance of each factor? Required Resources (TR)

Before you begin to evaluate the feasibility of your new venture, it is important that you understand what the required resources (TR) are. The TR is the sum of all resources required to start and run your venture. This includes everything from cost of capital, equipment and manpower to cost of inventory and transportation.

The following table shows how TR breaks down:

1; 2; 3; 4 ; 5 ; 6 ; 7 ; 8 ,900

• 1. The number of people who would need to be hired:
• George’s new venture would need to hire many employees. He has already calculated that the venture will require a total of 1000 employees, but he wants to make sure that this number is accurate before he makes any decisions on how many people he needs and where they will work.
• 2. The cost of hiring and training the first 100 employees:
• This is another important part of evaluating viability and feasibility because it allows us see if our assumptions about costs are realistic or not! If there are too many hidden costs (like travel expenses), then this might affect our decision about whether or not it makes sense for us as investors in this company’s future success; however if everything else checks out then we may still be able to get involved without worrying too much about those details later down road when things start getting busy for them).

Conclusion

The feasibility criteria approach is a useful tool to analyze George’s proposed new venture. It provides an organized way to think about the various factors that need to be considered when evaluating the viability of any business idea. This approach helps ensure that all potentially relevant information is gathered and analyzed correctly before making decisions about whether or not a new venture should move forward with its development phase.