Review competition and the industry that you are entering

Based on the achievement of learning outcomes 1, 2, 3, 4. To be submitted in week 10 In assessment 1 you are required to prepare a 1500 word feasibility study for a food and beverage operation of your choice. It can be located in any country and for that reason must comply with the countrys laws and regulations but all financial considerations and any costing must be in Swiss Francs. Conducting a feasibility study prior to investing the time and money to open a business can help an entrepreneur make a more informed decision about the venture’s chances of success because they often overestimate the size of the market and do not take into account tough competition. Your research and findings should be included in the feasibility study and referenced appendices can be included. You should cover the following areas although you are free to include more; Executive Summary Consumer understanding Consumer description Needs / Desirs / Likes / Dislikes Data, facts, numbers, sources are mandatory Concept & Business objectives; Concept Value proposition USP / Mission statement Assess the market; Evaluate potential locations; Review competition and the industry that you are entering; SWOT Legal requirements Local legal requirements Technical analysis Detailed requirements of the facilities, Inventory and production Storage Delivery Management analysis Skills and talent of the management team Primary duties of each person Description of the organization structure. Financial analysis Cost structures (Financing); Start up costs. Monthly costs Average check Opening days/hours Monthly / yearly sales Time lines Produce time lines and plan. Gantt graph Conclusion Evaluate profitability and success based on the above factors. data about the divorce percentage in Lebanon