Question:- You live in an area where you believe that an ice cream shop will thrive. However, before establishing the business, you want to ascertain that the ice cream shop idea is feasible and viable. Elaborate on how you will establish the feasibility and viability of the ice cream shop idea
The Ice Cream Men
Who would have thought that two ex-hippies with strong interests in social activism would end up starting one of the best-known ice cream companies in the country—Ben & Jerry’s. Perhaps it was meant to be. Ben Cohen (the “Ben” of Ben & Jerry’s) always had a fascination with ice cream. As a child, he made his own mixtures by smashing his favourite cookies and candies into his ice cream. However, it was not until his senior year in high school that he became an official “ice cream man,” happily driving his truck through neighbourhoods filled with kids eager to buy his ice cream pops. After high school, Ben tried college but it was not for him. He attended Colgate University for a year and a half before he dropped out to return to his real love: being an ice cream man. He tried college again, this time at Skidmore, where he studied pottery and jewellery making. In spite of his selection of courses, he still did not like it. In the meantime, Jerry Greenfield (the “Jerry” of Ben & Jerry’s) was following a similar path. He majored in pre-med at Oberlin College in the hopes of one day becoming a doctor. He however had to give up on this goal when he was not accepted into medical school. On a positive note though, his college education steered him into a more lucrative field, which was the world of ice cream making. He got his first peek at the ice cream industry when he worked as a scooper in the student cafeteria at Oberlin. Fourteen years after they first met on the junior high school track team, Ben and Jerry reunited and decided to go into ice cream making big time. They moved to Burlington, Vermont, a college town in need of an ice cream parlour and completed a $5 correspondence course from Penn State on ice cream making. After getting an A in the course, they took the plunge. With their life savings of $8,000 and $4,000 of borrowed funds, they set up an ice cream shop in a made-over gas station on a busy street corner in Burlington.
Question:- You live in an area where you believe that an ice cream shop will thrive. However, before establishing the business, you want to ascertain that the ice cream shop idea is feasible and viable. Elaborate on how you will establish the feasibility and viability of the ice cream shop idea.
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