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A Feasibility Study starts with a preliminary analysis by preparing an outline of the project plan. You will also need to prepare a projected income statement. After, you must conduct a market survey or research. The data from the market survey will help you come up with the answer to your study.
It is important that your feasibility study must include the availability of resources and technology and if your investment grow.
Yes. However, it must be noted that such studies are best to be assisted by a third-party service provider to avoid biases and maximize their resources.
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