Last week we talked about a few of the ways to test the feasibility of a business idea to help determine if the idea really had merit or just looked good on the surface. To recap, I said don?t bet the farm on the opinions of friends and family, consult with knowledgeable business experts, and conduct a SWOT (Strengths, Weaknesses, Opportunities, and Threats) Analysis. This week let?s take it a step further and talk about the creation of a formal Feasibility Plan which will help you determine the true feasibility of your big business idea.
A feasibility plan is just that: a written plan that is created for the sole purpose of validating the feasibility of a business idea. Some call it a ?Go/No Go? plan, because the results of a well-constructed feasibility plan wi View the rest of this article
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