business plan Archive

Carrying Out a Feasibility Study, Part 2: Technical Feasibility

Technical Feasibility After calculating the scale of production needed to supply the estimated likely share of the market. It is necessary to assess whether production at this scale is technically feasible. The following steps have to be taken: Identify the raw material supply, their quality and buying costs Identify production location and product quality Identify

Carrying Out a Feasibility Study, Part 1: Before Starting a Business

An idea for a business is not a sufficient reason to begin production straight away. It is essential to be aware of the different aspects involved in actually running the business. To reduce the risk of failure, producers should first go through the following aspects and finally develop a business plan. 1. Assess yourself as