Enumerate the similarities of feasibility study and business plan based on, what?
Timing Input Format Component Usage
15
A similarity of FS and BP which tells that both are initially done before the business opens and can be conducted again later to determine the next steps on future ideas.
timing
15
A similarity of FS and BP which tells that both include process from several individuals or departments that have different skills.
Input
10
What are the differences of FS and BP, based on?
Purpose Methodology Risks Cost
15
Feasibility studies determine whether to go ahead with the business or with another idea, whereas business plans are designed after the decision to go ahead has already been made. What difference is this based on?
purpose
15
Essentially, feasibility studies are research projects, whereas business plans are projections for the future. What difference is this based on?
methodology
15
Feasibility studies determine the risks associated with the idea, whereas business plans explain how management will deal with the risks so that it will make a profit. What difference is this based on?
risk
15
What are the 5 main reason in feasibility study?
show the viability of your vision, define your goals and objectives, develop a plan, execute that plan, and give you an identity.
15
What is the greatest benefit of a feasibility study?
give you specific information
15
Identify one problem in the society and what business you can create from it?
Well explained.
25
In your own words, what is/are the difference/s of feasibility study and business plan?
