How is the financial feasibility of a business idea determined?
Answers
Answer:
Track your financial feasibility
You need to evaluate the economic viability of your business idea by considering your start-up cost, cash flow and operational expenses. According to a survey by a smart asset, payroll appeared to be the most expensive start-up cost, costing approx.
Answer:
Track your financial feasibility
You need to evaluate the economic viability of your business idea by considering your start-up cost, cash flow and operational expenses. According to a survey by a smart asset, payroll appeared to be the most expensive start-up cost, costing approx.
Explanation:
A feasibility study involves the gathering and analysing of information to find out if the business idea is good or not. The study will help you determine if the proposed business idea is something that you can implement based on resources you can access and whether you can be competitive in the market.