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joshua, a friend of yours, just told you an interesting story.He was at his parents’ house over the weekend. While there, hisfather saw the entrepreneurship textbook that is being used in oneof the classes joshua is taking this semester. He looked throughthe book and spent a bit of time studying the chapter onfeasibility analysis. After doing so, he said to joshua, ‘ When youwere growing up, I launched and sold three successful businessesand never once completed a feasibility analysis. What do you thinkthe authors of the text would say about that?’

Describe the suggestions that joshua would response to hisfather’s question.