ENTREPRENEURSHIP

Detailed explanation-1: -A feasibility study analyzes the viability of a project to determine whether the project or venture is likely to succeed.

Detailed explanation-2: -Financial Plan The financial plan is one of the most important sections of the business plan. It determines the potential investment commitment needed for the new venture business and indicates whether the business plan is economically feasible.

Detailed explanation-3: -The feasibility study is conducted before the business plan. A business plan is prepared only after the business venture has been deemed to be feasible.

Detailed explanation-4: -What is New Venture Feasibility Analysis? Feasibility analysis is a comprehensive research study required by the entrepreneur or his agent to determine the practicability, profitability and viability of the business idea.

Detailed explanation-5: -your business idea, product or service. the nature of the market. the needs of your customers. the costs involved and the revenue you are forecasting. your business model and plan. the human resources and skills available to support the business. 10-Oct-2022