ENTREPRENEURSHIP

Detailed explanation-1: -A well-designed feasibility study should provide a historical background of the business or project, a description of the product or service, accounting statements, details of the operations and management, marketing research and policies, financial data, legal requirements and tax obligations.

Detailed explanation-2: -A feasibility study contains a detailed analysis of what’s needed to complete the proposed project. The report may include a description of the new product or venture, a market analysis, the technology and labor needed, as well as the sources of financing and capital.

Detailed explanation-3: -What is the Primary Purpose of Conducting a Feasibility Analysis? The objective of feasibility study is to assess the financial viability of developed plan and whether it will be successful or not.

Detailed explanation-4: -Feasibility studies can identify the logistical, financial, and market challenges of a proposed project by evaluating: What the estimate would be to fund the project. When the potential business will offer a return on investment. The market for the proposed product or service.

Detailed explanation-5: -A feasibility study is mainly conducted to evaluate the cost viability of a new business venture and ascertain the likelihood of its success. In addition to this, we also assess the practicality of the underlying technical, legal, operational, and scheduling aspects of the project.