Imagine you are going into business in an industry of your choice. Assume that your business is located in the city or state where you live( I live in Maryland)
Identify at least three different sources of information you might use to learn more about the industry. Research these sources and write a 1,400-wordpaper in which you complete the following:
- Identify and evaluate the environmental, demographic, psychographic, and local geographic trends in your area that relate to the industry.
- Identify a business opportunity, based on your research, in your chosen industry that could be implemented in your area.
- Explain the risks and rewards associated with your business opportunity.
- Explain if your business opportunity is feasible.