Feasible Business Plan

Feasible Business Plan-58
If the feasibility study is negative, the findings still may uncover previously unknown market opportunities and can thus help set the stage for some other successful product or service commercialization.If the feasibility study is positive, the findings should provide useful insights and benchmarks for the project as it moves forward in the commercialization process.

If the feasibility study is negative, the findings still may uncover previously unknown market opportunities and can thus help set the stage for some other successful product or service commercialization.If the feasibility study is positive, the findings should provide useful insights and benchmarks for the project as it moves forward in the commercialization process.

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Meet the objectives of the entrepreneur This point is very clear and easy to understand.The five factor I am about to highlight does not in any way replace the need for a detailed feasibility study.To know the preliminary feasibility or viability of your proposed business opportunity, the checklist below will help you.1.Real demand The first condition that makes a business opportunity viable is market demand.Your business idea or opportunity must have real market demand.What are the factors that will enter into the final decision as to whether the project, venture or approach is feasible and should move forward?Typical factors involve financing, staff resources, material resources, market demand, the competitive landscape, time and space constraints, etc.If the feasibility study indicates a very low probability of success, it would be far less expensive to invest in the feasibility study and kill the project, than it would be to go forward without the study and see the project fail.Whether a study’s findings are positive or negative, the feasibility study can help entrepreneurs and managers better understand what aspects of the project are of greatest strategic importance to the success of the venture.Being an entrepreneur and investor, I am often privileged to have a sneak preview of business investment opportunities before they are launched or made public.Sometimes, I am given the opportunity to invest in such businesses.

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