Feasibility analysis differ from a business plan

feasibility plan

Share on Facebook Business plans and feasibility studies are analysis and decision-making tools used by companies. On the other hand, a business plan is developed only after it has been established that a business opportunity exist and the venture is about to commence.

I hope this few words have been able to point out the key differences between feasibility study and business plan.

define and distinguish between feasibility study and a business plan

While some say they are the same, others argue they are not. A feasibility study is all about business idea viability while a business plan deals with business growth plan and sustainability. Service or product line: State what you will sell or provide and describe the benefits of each.

difference between feasibility study and project proposal

Probability of Success: Can you reasonably overcome the risks to become profitable? Is your industry sector in a growth or decline period?

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Feasibility Study vs Business Plan