Analyze the steps needed to identify innovative business opportunities and learn how to determine the feasibility of a business idea.

This week, you will analyze the steps needed to identify innovative business opportunities and learn how to determine the feasibility of a business idea.

Now that you have completed your Business Plan Outline, imagine that you now have the opportunity to present your idea to a group of potential investors.

Prepare a 900- to 1,050-word APA formatted paper.

Describe 3 innovative strategies small business owners can use to approach their business.

Select 1 of the 3 strategies.

Analyze the steps you will take to identify your business opportunity and the feasibility of the opportunity. Ensure you:

• Analyze your business opportunity.
• List any potential pitfalls that you might encounter.
• Conclude how you can mitigate the risk to avoid potential pitfalls.
• Examine how your idea is feasible.
• The paper must be APA formatted with several paragraphs and several headings throughout the paper to organize it well.