BUS521 Strayer University Week 1 Understanding Entrepreneurship Discussion

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Business Finance

“Understanding Entrepreneurship” Please respond to the following:

  • Discuss the value that entrepreneurship brings to both a country’s economy and society. Next, identify two (2) or three (3) challenges that entrepreneurs must overcome and how the use of a comprehensive business plan can enhance their chance of success. Provide support for your response.
  • Explain the purpose of a Feasibility Analysis and describe how it differs from a Traditional Business Plan. Next, identify three (3) elements of a Feasibility Analysis that may keep an entrepreneur from moving forward with their business concept. You will also need to fully describe how the use of a business plan can help overcome these challenges.