THE IMPACT OF FEASIBILITY STUDIES IN STARTING UP A NEW BUSINESS
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 3000
ABSTRACT
This project report studied the Impact of Feasibility Studies in Starting up a New Business, A Case Study of Selected Firms in Enugu State. The study examined the content of a feasibility study, the relationship between feasibility study and a new business, ascertain the relationship between feasibility study and business performance among business firms in Enugu State, and identify the attitude of people towards carrying out feasibility studies before starting up a new business. In studying the above objectives, the researcher adopted the survey research method which helped them evaluate existing practices as well as suggests way of overcoming flaws observed in the prevailing norms. To do this, the researchers used sample of the total population, hence, out of a total population of 1538, only the sample of 193 respondents was studied using the sampling technique of non-probability sampling. The method of data collection used by the researchers is the questionnaire method. In the process of the study, the researchers made the following findings; that the level of awareness of the respondents regarding the use of feasibility studies in the course of starting up a new business is very low and this has affected their understanding of its importance, and its use. And that the respondents are ready to use it, if they know that it is vital in the course of starting up a new business. Nonetheless, the researchers recommended massive awareness campaign to the masses in order to create the requisite awareness of the uses of feasibility studies and the need to embark on it before starting up a new business. Finally, the researchers recommended further research in this area, especially in the topic “The Importance of feasibility studies in the course of setting up a New Business or project.
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