Business feasibility report

First develop a concept statement for one of your own business ideas (1 page). Your business concept statement should include: a description of the product or service being offered the intended target market the benefits of the product or service (value added to the customers/problem solved) how the product will be positioned relative to similar ones in the market how the product or service will be sold and distributed information about the founder or founders Interview at least 10 potential customers and complete a report (3-5 pages including the concept page, single spaced) including: The description of ten interviewees (demographics and why choose them as potential customers) Strengths of the Business Idea – things people who evaluated your business concept statement said they “liked” about your business idea. Suggestions for Strengthening the Business Idea – suggestions made by the people who evaluated your business concept statement for strengthening your business idea. Overall Feasibility of the Business Idea – report the number of people who thought the idea is feasible, the number of people who thought the idea isn’t feasible, and any useful comments made pertaining to this topic.