Perform a detailed Porter’s Five Forces analysis for your new Photography business and its website .

Perform a detailed Porter’s Five Forces analysis for your new Photography business and its website .Use businesses local to your area (if you are out of the area, please note in a footnote your closest metropolitan area). Be sure to highlight entry barriers, switching costs, and substitute products/services. Provide enough information that I might make an informed decision about what forces face your new business. Michael Porter’s Five Forces Model is a useful tool to aid organizations facing the challenging decision of entering a new industry or industry segment. The Five Forces Model helps determine the relative attractiveness of an industry and includes:Buyer PowerSupplier powerThreat of substitute products or servicesThreat of new entrantsRivalry among existing competitorsHere is one website that thoroughly explains Five Forces and will show you examples of how you might build the Five Forces model. shows it in a diagram format: http://www.mindtools.com/pages/article/newTMC_08.htmBe thorough, inclusive, but concise in your analysis.Plan out your advertising campaign for your photography business and your website. Obviously you want to limit costs and take advantage of technology to advertise your new photography studio. List 8 to 10 ways you will advertise, with a couple sentences explaining each idea, using technology (the web, etc).