Think Positive Research

Feasibility study or Business Plan, what is the differences?

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Are you thinking of starting a business? What should you do first: create a business plan or undertake a feasibility study? What is the difference? A feasibility study, or business opportunity analysis, is a planning tool similar to a business plan. The feasibility study is done to flesh out the possibilities in an initial business idea. The business plan then fully describes the business and its financial projections. A feasibility study is not the same thing as a business plan. The feasibility study would be completed prior to the business […]

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What is a Feasibility Study and When to Do it ?

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What is a Feasibility Study? As the name implies, a Feasibility study is an analysis of the viability of an idea. The feasibility study focuses on helping answer the essential question of “should we proceed with the proposed project idea?” All activities of the study are directed toward helping answer this question. Feasibility studies can be used in many ways but primarily focus on proposed business ventures. Farmers and others with a business idea should conduct a feasibility study to determine the viability of their idea before proceeding with the […]

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