Business Plan vs Feasibility Study: an overview

Question 1

Feasibility Study

Answer 1

• helps determine whether an idea or business is a viable option.
• is done first before investing a baisa in the business.
• to know that the business is feasible before taking any decision.
• gives a conclusion or recommendations.
• Some investors might request for a feasibility study first beforethe business plan

Question 2

Business Plan

Answer 2

• the roadmap in achieving your business goal
• assumes a business is going to viable and presents the steps & tactics necessary to achieve success.
• you need is the business plan for looking forward to approaching an investor or trying to get a bank loan, what

Question 3

Business plan contents

Answer 3

Executive Summary
Business/Company Overview
Products/Services
Market/Industry Analysis
Strategy
Operation Plan
Management/Personal plan
Financial Plan
Sales Forecast
Appendices and Exhibits

Question 4

feasibility study Contacts

Answer 4

Introduction
Product or Service
Technology
Market Environment
Competition
Industry
Business Model
Market and Sales Strategy
Production Operations Requirements
Management and Personnel Requirements
Regulations and Environmental Issues
Critical Risk Factors
Financial Predictions
Conclusion