Evaluating Trends and Opportunity

Evaluating Trends and Opportunities Joseph Rogers MGT/418 June 18, 2011 Dennis Dodd Evaluating Trends and Opportunities Introduction The entertainment industry is important for a urban center to process in tourism dollars and to maximize the enjoyment gene of the individuals dungeon within the metropolitan argona. Entertainment is defined as either activity which al down(p)s people to entertain themselves in their sp atomic number 18 time. It allows individuals the power to escape from the square life world and dwell in fantasies. This paper give discuss an entertainment railway line fortune needed in the Memphis metropolitan area and determine if it is a feasible venture. go discussing this probability, this paper will also unwrap trends that should be evaluated and formulate the risk and rewards associated with the planned business opportunity. refer and Evaluate Trends The outset step to identifying business opportunities is to observe trends and essay how they create opportunities for entrepreneurs to pursue. Changes in the area of environmental, demographic, and psychographic trends often provide the nervous impulse for a business opportunity (Barringer/Ireland, 2008). Environmental factors that touch my ending on if it is a good time to start a business were economic and social community forces.

Economic forces are affected by the disposable income of the individuals. Factors to take into account opus canvas how economic forces will affect the business opportunity is the unemployment position and determining who has money to spend. An area that has a low unemployment respect and where individuals and fam ilies are capable of spending money are sta! ndard areas to create a new business opportunity. kind forces and demographic trends reveal developments and changes in human population. More specifically, demographic trends refer to changes in a populations age, gender, geographic location, married status, educational attainment, employment status, household...If you want to get a practiced essay, order it on our website: OrderEssay.net

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