Evaluating Trends and Opportunities

The state that I live in is Texas. The business is mentorship/coaching, specifically in the sport of basketball. Please ensure to include citations throughout the paper.

Imagine you are going into business in an industry of your choice. Assume that your business is located in the city or state where you live.

Identify at least three different sources of information you might use to learn more about the industry. Research these sources and write a 1,050- to 1,400-word paper in which you complete the following:

  • Identify and evaluate the environmental, demographic, psychographic, and local geographic trends in your area that relate to the industry.
  • Identify a business opportunity, based on your research, in your chosen industry that could be implemented in your area.
  • Explain the risks and rewards associated with your business opportunity.
  • Explain if your business opportunity is feasible.

Format your report consistent with APA guidelines.

 
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