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Techno Links Group > Project Management & Engineering > Feasibility Studies

Feasibility Studies

Businesses need to decide whether a new venture is viable, before committing funding to a new venture.

A feasibility study looks at the viability of an idea with an emphasis on identifying potential problems. The study will attempt to answer your most important question – whether you should proceed with the plan or not.

Critical components of the study are:

  • Your product or service
  • The industry you will be competing in
  • The nature of the market
  • The amount of capital needed to kick-start the venture.