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Feasibility Study Vs Business Plan

Right now there are few combinations of incubator/food bins in operation.The ability to receive, clean, package and advance deliveries of fresh foods or to serve as a storage facility/distributor for packaged foods is in some respects at variance with what an incubator has space and capacity to do.When considering creating a business, most often the first step is to conduct a feasibility study.Designed to establish if a business opportunity exists, a completed feasibility study does not determine how you intend to exploit that opportunity.The Entrepreneurship Research Guide is targeted at Brock University students, faculty, and staff who are conducting research in entrepreneurship or who are interested in learning more about small business and new venture creation.It includes print sources, e-books, and databases available in our Library, as well as some useful websites.That process, and eventual document, is the domain of the business plan.This webinar illustrates, by examples and discussion, how to move from a positive feasibility study to a full business plan, and financing the operation.

My guess is that if it is important for those outside the business to know the status… New circumstances such as a different location, an opportunity for a new market channel, a change in supplies and interest on the part of an investor with special requirements require revision.You should also check in with your financials on a frequent basis: weekly as the venture takes off and certainly on a monthly basis thereafter, particularly in regard to cash flow and P&L.A: [Carol Coren] Incubators are touchy ventures that should have anchor tenants in place and in line if they are to cover costs.The other principals in the Mo Gro LLC are the Johns Hopkins Center for American Indian Health, food distributor and Richard Schneiders, a retired former CEO of Sysco, Inc., the giant food distribution firm.A: [Jim Epstein] I am not far enough into my business to tell you from practical experience so I cannot give you an answer based on my experience.One issue though that most incubators confront within a year of opening is the need for storage space.[John Wiate] I agree with Carol that having anchor tenants is very helpful for an incubator.Paying a Manager, whether the Center is booked up or not, is vital so the Center can maintain health and safety standards.Regarding processing, I think it’s a natural extension of getting more fresh foods onto the market and for climate challenged places like New England it can extend the season for regionally grown foods.In addition to a "Wharton Business School education in 15 minutes," we present two case studies: a food hub, and a food processing center.This presentation was designed for those considering creating a new business in the food value chain, or involved in counseling those who do.

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