ENTREPRENEURSHIP

Detailed explanation-1: -What Is A Feasibility Study? The main purpose of a feasibility study is to assess the financial viability of developed land and whether it will be a success or failure.

Detailed explanation-2: -Put simply; a feasibility study looks at whether something can be done, while a viability study looks at whether it is worth doing. However, a growing number of feasibility studies today also include an analysis of the expected profitability of a project or idea.

Detailed explanation-3: -A feasibility study is not the same thing as a business plan. The feasibility study would be completed prior to the business plan. The feasibility study helps determine whether an idea or business is a viable option. The business plan is developed after the business opportunity is created.

Detailed explanation-4: -Understanding a Feasibility Study A feasibility study is an assessment of the practicality of a proposed plan or project. A feasibility study analyzes the viability of a project to determine whether the project or venture is likely to succeed.