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What is Feasibility Analysis vs. Business Plan about?

The feasibility study determines the viability and profitability of a business initiative by conducting preliminary evaluations and research with projected forecasts to see if a business idea is worth pursuing. A business plan is created after a feasibility study shows potential, and contains tactics and strategies for launching and expanding the firm. A feasibility study assesses the doability of an idea while a business plan is made once pursuing the idea is deemed worthwhile.

Author

Danica Jane Erandio

Language

EN