The Feasibility Analysis Whether you plan to expand an existing - TopicsExpress

The Feasibility Analysis Whether you plan to expand an existing business, acquire an existing business or start your own new business, we will show you how to perform a basic economic feasibility analysis: a preliminary evaluation of your business idea to see if it’s worth pursuing. On conducting your feasibility analysis, you will: • Evaluate whether you and your management team possess the characteristics most common to entrepreneurial success; • Assess the market for your new business idea; • Estimate the basic financial feasibility of your business, including potential sales revenues, fixed and variable costs, and break-even figures; • Identify the pitfalls many new small businesses encounter—and study how you can avoid them; • Finally, make an informed choice about whether or not your idea is still attractive and practical.

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