Is feasibility study important in establishing an online business?

[General01]

Feasibility study according to Wikipedia is an assessment of the practicality of a proposed project or system

It is actively practicalized in offline business establishment. It involves several stages all of which is to acertain the whether the pre-planned business is capable of being successful


Is it important in online business establishment?

 

[Immilash]

Feasibility study according to Wikipedia is an assessment of the practicality of a proposed project or system

It is actively practicalized in offline business establishment. It involves several stages all of which is to acertain the whether the pre-planned business is capable of being successful


Is it important in online business establishment?

It's important but you can run a successful online business without feasibility, I will advise you while starting a business online just focus on a single nich.

 

[Flow-er]

The feasibility study is very important in the growth of the business. If a business would last the feasibility study will be the determining factor. Some businesses crashed in no time because they do not carry out a research on the future of the business. The essence of carrying out this study is to get an assurance of the future of the business. Once the study tells you not to invest on a business, you shouldn't. The feasibility study is also important because no one wants to invest in a business that will not last.

If you don't want to lose your money or incure serious losses you will need to consult the services of the feasibility study agents. You don't need to do this yourself, all you need is to get the services of the experts in the niche to do the study for you. Once this is done , you should be expecting a result from them and you must follow the result to the later. It is very good for us not to act on instinct if we are establishing a business. There are certain protocols that must be observed in our quest to establishing a viable business.