31 Dec Find and share one
2.1 Discussion
Finding and Using NAICS Numbers
Part 1 of the feasibility study requires you to identify the NAICS code of your proposed business concept. As mentioned in this week’s learning unit, the North American Industry Classification System (NAICS) provides not only a system to classify your business but also provides valuable industry information and data, which is an invaluable tool to a startup or existing business. In this discussion thread, you will practice using the NAICS site and discuss your findings with your classmates as presented in Skill Module 7.2 (Katz & Green).
What is your NAICS code? (Katz, pl 190). Please go to the updated site:
http://www.census.gov/cgi-bin/sssd/naics/naicsrch?chart=2012. In the text box that says “enter keyword” enter the name of the industry that best describes the industry in which your proposed business idea is located. You should end up with a 6 digit code for the industry in which your business will be located. If you are not sure of your industry, it may take some experimentation. See examples in Skill module 7.2.
Once you locate your NAICS code, go to www.census.gov and click on “economic census.” Once you are in “economic census” enter your NAICS code and look for data related to your industry.
Find and share one fact about your industry that you find particularly intersting and that is available at this cite such as number of establishments, annual revenue, trends, etc. Also refer to Table 7.1 on page 200 for additional information and ideas.
For your convenience, I am also attaching a table with the NAICS structure and numbers.
2012_NAICS_Structure.xls (255 KB)
2.2 Discussion
Not all good ideas represent profitable business opportunities. Ideas must be tested and you will have an opportunity to do so in your feasibility study which is the primary written requirement for this course. You will also be introduced to many free resources available to you in developing your feasibility study such as the SCAMPER acronym (Katz & Green). Tim Hayden (See Focus on Small Business, Katz & Green) developed a web-based application so that baseball fans could watch TV instant replays while enjoying a baseball game at a stadium. Using the SCAMPER acronym, discuss at least two methods in the acronym that Tim may use to update his App to 2014? How will you use these methods in developing your feasibility study?
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteEdu. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.
Do you need help with this question?
Get assignment help from WriteEdu.com Paper Writing Website and forget about your problems.
WriteEdu provides custom & cheap essay writing 100% original, plagiarism free essays, assignments & dissertations.
With an exceptional team of professional academic experts in a wide range of subjects, we can guarantee you an unrivaled quality of custom-written papers.
Chat with us today! We are always waiting to answer all your questions.