Refer to the same business you described in the first assignment, Creating a Small Business, and write a 3–4 page paper in which you:
Conduct a feasibility analysis by researching and analyzing each of the following topics and indicate how your business occupies that specific space:
Industry and market feasibility.
Product or service feasibility.
Explain whether the business idea needs to be modified, changed significantly, or abandoned based on your feasibility analysis. (Note: If you abandon the business idea, then you will need to select and analyze a new business that has profit potential.)
and UK. “More than 50% of our exports go to EU countries”. (Brexit, 2016) this fact alone shows how much the UKs economy has relied on the EU for our trade to commence. A future impact this may have is on our GDP figures, if the EU stops importing our goods then this would impact us drastically as we export more than 50% to them. A result to this would be our exports decreasing and our GDP figures going down. Nonetheless Britain should not take this as a negative as it will certainly open more opportunities to trade with different nations, which could ultimately lead to a more beneficial deal. Unquestionably the link with the EU has held the UK back from investigating in emerging markets. No major trade deal has been made with those countries in Asia or Canada, which are all potential candidates for Britain to strike a deal. Now that Britain is becoming an independent country, they can finally make a decision on the best option for the people. “The EU is currently negotiating with the US to create the world’s biggest free trade area” (Brexit, 2016). If the negotiations work in favour of the EU, Britain will certainly be at a huge disadvantage in terms of trade as goods and services will be much cheaper to distribute. As Britain is not a part of the EU, they will have negotiated a deal independently, which means time and money are crucial assets in this operation. If worse comes to worse for the people of Britain, a deal may not work in favour for the Brits, which will lead to new and commencing business to dig deeper into their finances, which could potentially harm new or vulnerable businesses. Britain relies on import and export relations with the EU and the depreciation of the pound led to prices to rise is the most immediate effect of Brexit. Before Brexit, British farmers can gain 30 billion pounds’ subsidy from EU each year, and UK total income from farming comes from Common Agricultural Policy (CAP) support occupy 55 percent. CAP is a cornerstone of the EU, costing nearly 40% of its budget or 58 billion Euro one year. (Emily, 2016) Britain leaving the EU has an effect on the farmers as they would not be able to get subsidies using the CAP. This would mean they would have less money to spend which has an effect on the economy because if there is less spending then there is less demand for businesses which would have a domino effect on the employment because if the demand is low then less people would be hired which means less money in the farmers’ pocket and the businesses. Another effect it would have is a financial burden on the government because the farmers would want subsidies from the UK government which would increase go>GET ANSWER