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Feasibility Study
While business plans are often filled with strategies and goals that make a business look promising on paper, feasibility studies serve as critical reality checks.
Key elements of the Feasibility Study include financial viability, potential hurdles, competition, and funding requirements.
Unlike business plans, which primarily focus on tactics and projections, feasibility studies offer a more grounded perspective. They delineate the pros and cons of a plan, giving decision-makers a clear understanding of whether the plan can translate from paper to success in the real world.
FEASIBILITY STUDY & DUE DILIGENCE
Due Diligence
Due Diligence is crucial because it enables informed decision-making, reduces the risk of making a bad investment, and ensures that both parties are on the same page regarding the terms of the deal. In summary, it's a meticulous process that protects the interests of all parties involved and contributes to the success of business transactions.
It provides a reality check by highlighting the strengths and weaknesses of the business.
The primary goal of business due diligence is to evaluate and verify the information provided by the other party, ensuring that there are no hidden risks or unfavorable surprises.
