August Brown

Identify the Right Business Model with a Feasibility Study

It helps determine if your business idea is practical and profitable before you invest time and money.

Why Conduct a Feasibility Study?

Understand your market, customers, and competition.

Step 1: Conduct Market Research

Estimate startup costs, revenue, and profit margins.

Clearly outline your product or service and how it stands out.

Step 2: Define Your Offering

Step 3: Assess Financial Feasibility

Choose between models like subscription, franchise, or product sales.

Ensure compliance with local laws and regulations.

Step 4: Analyze Legal Factors

Step 5: Explore Business Models

Pick the most viable model based on your research and analysis.

Step 6: Finalize Your Business Model

Use feasibility study insights to start your business on the right foot.

Step 6: Finalize Your Business Model

Get Expert Advice

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