"3 Difference Between A Feasibility Study And A Business Plan."
by Ajaero Tony Martins
Stop Trading Hours for Dollars




If not for the sake of some of my beloved friends, i don't think i will be writing on a topic such as this. But i am forced to do so now due to my already made decision of sharing my little knowledge and experience with aspiring entrepreneurs and business owners.

There seem to be a mix up between a feasibility study and a business plan. While some say they are the same, others argue they are not. So i want to use this medium to draw a line between a feasibility study and a business plan.

Though the process involved in developing feasibility study and a business are similar, i will reveal to you some basic difference between a feasibility study and a business plan.

1) A feasibility study is carried out with the aim of finding out the workability and profitability of a business venture. Before anything is invested in a new business venture, a feasibility study is carried out to know if the business venture is worth the time, effort and resources. On the other hand, a business plan is developed only after it has been established that a business opportunity exist. This simply means that a business plan is prepared after a feasibility study has been conducted.

2) A feasibility study is filled with calculations, analysis and estimated projections while a business plan is made up of mostly tactics and strategies to be implemented in other to grow the business.

3) A feasibility study is all about business idea viability while a business plan deals with business growth and sustainability. I hope this few words I have written has been able to point out the key differences between a feasibility study and a business plan. I feel it's also worthwhile to know that a feasibility study can readily be converted to a business plan. At this juncture, i rest my pen. Till i come your way again. Bye.

Contact the Author

If you have been challenged by this article and you want to learn more about the pros and cons of building a successful business from scratch, rush now to http://www.StrategicBusinessTeam.com Ajaero Tony Martins is a successful entrepreneur and investor. He is also the founder of http://www.StrategicBusinessTeam.com One of the fastest growing entrepreneurship and business development blog.

Ajaero Tony Martins
How To Start And Build A Successful Business From Scratch.
consultmartins@yahoo.com
Site: http://www.strategicbusinessteam.com

Is This Your Article? Do You Need To Edit or Remove It?

You may do either from within your account. Login here.

Once logged in, go to Edit, Articles on the menu. It will show you a list of your articles and give you the option of editing or removing them. 

If you want us to remove all your articles and your entire account for you, there is a $15 removal fee. Email service@pwgroup.com and tell us:

  • what you'd like to remove,
  • your name and email as it appears on the account
  • A link to at least one of your articles or your profile.
  • Include your Paypal email address and we will send you a Paypal invoice.




Feasibility Study And Business Plan.

Related Articles