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New Business Feasibility Studies

The Difference between a Business Plan and a Feasibility Study

I am often asked about the difference between a Business Plan and a Feasibility Study and there is a lot more information on this page of the Website Different Types of Study

In summary the main difference is that if there is going to be a significant amount of risk involved in the venture a Study should be carried out that evaluates the Risk and examines the best Development Option so that the Risk is avoided or mitigated.

So normally a Business Start up would require a Feasibility Study because significant Risk will always be involved in a this type of Project.

When there is little risk then a Business Plan is the more suitable approach.

If a Study is required then software like our CeeVex NPV evaluation tool should be used to examine the NPV of the Options.

When an Option has been selected or it is obvious that a Business Plan approach will suffice then our RoiVex Assessment Tool should be used to forecast future Profits and Balance Sheets.

If you want advice or help on any aspect of a Feasibility Study get in touch with me by filling in the Bronze Membership form here

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Best Regards

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PS - You also get my Skype address if you want to Skype me

 

 


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