Feasibility Study

Aspiration and faith of an individual is a mandatory but insufficient condition for implementing a new business project. In almost all cases, there comes a time, when the feasibility of the project is required to be approved. 

 

Feasibility study measures whether the project is worth to be implemented by analyzing different aspects of the project. 

 

These include:

  • Testing the idea on the market;

  • Market research and analysis;

  • Customers readiness and willingness;

  • Competition;

  • Operational feasibility;

  • Economic/financial feasibility.

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