2.04 Feasibility Study

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Feasibility studies can shed light on the optimum timing for business ventures to take place.

____is an organized inquiry into the possible success of a business idea or venture

Using the U.S. Small Business Administration is a good source to aid in your market analysis

When using a market analysis you should include the following: 1. A current description of the industry a. How big is the industry? b. Whom does the industry serve? c. What are some current trends within the industry? d. What are the main metho

Feasibility studies can prevent businesses from wasting valuable time and resources on unfeasible (difficult, impractical, or impossible) ideas.

Feasibility studies can be very time-consuming and inexpensive.

Market analysis is defined as:

The purpose of a feasibility study is to determine whether or not a particular venture can succeed