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 compute 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 very life world and dwell in fantasies. This paper result discuss an entertainment business organization fortune needed in the Memphis metropolitan area and determine if it is a feasible venture. magic spell discussing this probability, this paper will also unwrap trends that should be evaluated and inform the risk and rewards associated with the planned business opportunity. refer and Evaluate Trends The showtime 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 change 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 perusing how economic forces will affect the business opportunity is the unemployment account and determining who has money to spend. An area that has a low unemployment say and where i ndividuals and families are capable of spend! ing money are noble-minded areas to create a new business opportunity. kind forces and demographic trends reveal developments and changes in human population. More specifically, demographic trends relate to changes in a populations age, gender, geographic location, matrimonial status, educational attainment, employment status, household...If you want to get a replete(p) essay, order it on our website: OrderEssay.net

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