Feasibility Analysis

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What is a feasibility analysis?

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this is the process of determining whether or not an entrepreneur’s idea is a viable foundation for creating a successful business.

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What is the purpose of a feasibility analysis?

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To determine whether or not a business idea is worth pursuing.

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What happens if a business idea passes the feasibility analysis?

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The entrepreneur’s next step is to build a solid business plan for capitalizing the idea.

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What happens if a business idea fails the feasibility analysis?

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The entrepreneur drops it and moves on to the next study.

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What are the benefits of conducting a feasibility analysis?

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It saves time, money, and energy.

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What is personality feasibility?

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It refers to the traits that come naturally to an entrepreneur and the importance of personal analysis and reflection before starting a venture.

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What is management feasibility?

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It involves recognizing personal deficiencies and building a strong management team to compensate for weaknesses.

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What is operational feasibility?

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It ensures that the value chain is at its maximum and looks at sourcing land, labor, and capital.

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What is financial feasibility?

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It analyzes capital requirements compared to estimated earnings to project return on investment.

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What is marketing feasibility?

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It involves market research to determine if there is a market for the product and the viability of pricing and location.