Question

This week, after reading and reviewing the materials, engaging in exercises and Constructive Action, prepare and submit a statement of the feasibility of your CA Business Hypothesis highlighting the aspects of the industry, market and business model/financial analysis that supports your idea. Be sure to support your positions with sound substantive reasoning.

Answer 1

in order to involve into any business idea one should take due care regards to the materials, engaging in exercises and Constructive Action to be taken in the organisation as required by the market conditions and the requirements. Also A well-designed feasibility study should provide a historical background of the business or project, a description of the product or service, accounting statements, details of the operations and management, marketing research and policies, financial data, legal requirements and tax obligations.

Good business planning is essential and necessary for the success of a business. Without proper planning, a business may fall unless appropriate and corrective actions are taken. A feasibility report is more like a business and strategic plan that steers your business into the right direction towards success.