AN EVALUATION OF FEASIBILITY STUDY AND ITS EFFECTS ON THE SUCCESS OF NEW BUSINESSES
- Project Research
- 1-5 Chapters
- Quantitative
- Relative Importance Index
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 3000
EXCERPT FROM THE STUDY
- A feasibility study when properly executed has a significant impact on the success of a new business.
- The notable significance of feasibility study to new businesses as identified from the study includes: It is an excellent instrument for the prediction of the likelihood of success or failure of a new business venture; It can also be adopted in the case of incorporation of new products or ideas into the business mix; It includes all the actions that are needed to be taken to determine whether a business idea is likely to succeed; It provides results for key decisions that may be, moving forward with the idea, refining it or leaving it altogether; It is a stepwise process that helps weigh the pros and cons of each step prior to getting into the actual process; It aids in the preparation of logistical or tactical plan of how your business will produce, store, deliver & track its products or services and It helps in the determination of the legal structure of the business.
- There is a significant relationship between feasibility study and the success of a new business.
- Feasibility study ensures a business is on track through: helping the firm in attaining a broad picture as well as a detailed analysis of the profitability of its future business; ensuring that all determinations are made prior to jumping into the business and learning about the shortcomings later; enhancing the success rate of the business through evaluating numerous parameters; serving as an excellent source of information to the future investors of the business; enabling the business to focus on both short and long term goals.
- Among the numerous reasons most business owners don’t carryout feasibility study includes: Because they don’t have a clear understanding of feasibility study; Because of the expenditure involved in carrying out feasibility study; Because they don’t have the knowledge on how feasibility is carried out; Because they don’t see the need to carryout feasibility study on their business; Because they only want to run the business for a short time and Because they don’t want to expose their business idea to the public.
Related Project Materials
AWARENESS AND PRACTICE OF GREEN CONSTRUCTION
ABSTRACT
In spite of the huge environmental and energy problem in Nigeria, designers have not seen the...
PHYSIOCHEMICAL PROPERTIES OF SACHET WATER IN ABA
ABSTRACT
In spite of the varying levels of contamination widely reported, sachet water is still well accepted. This...
ADSORPTION OF CHROMIUM(VI) AND COPPER(II) IONS FROM WELL WATER IN CHALLAWA INDUSTRIAL AREA USING PECTIN-CHITOSAN POLYELECTROLYTE COMPLEX
ABSTRACT
The aim of the research was to carryout adsorption study of the removal of chromium(vi) and copper(ii) ions from well water usin...
AN ASSESSMENT OF THE INSTITUTIONAL MECHANISMS FOR DEALING WITH CORRUPTION IN THE NIGERIAN PUBLIC SERVICE, 1999-2020
ABSTRACT
One of the major challenges of governance in Nigeria is corruption especially in the public service. In response to this challen...
GROUND ELECTROMAGNETIC AND ELECTRICAL RESISTIVITY PROSPECTING FOR ORE MINERALISATION ZONES IN TSOHON-GURUSU NIGER STATE, NORTH-CENTRAL NIGERIA
ABSTRACT
To accurately explore and develop prospective mineral deposits, systematic geophysical approaches becomes a useful tool to estab...
THE IMPACT OF EFFECTIVE UNIONISM ON THE DETERMINATION OF WORKERS WELFARE
ABSTRACT
This research work is poised to look into the Impact of Effective Unionism on the Determinatio...
A COMPARATIVE SURVEY ON THE PERFORMANCE OF GOVERNMENT-OWNED AND PRIVATE-OWNED BROADCASTING MEDIA FIRMS IN NIGERIA
BACKGROUND OF
The study attempted to investigate the perception of undergraduate student towards the use of contraceptives at the University...
ABSTRACT: This research investigates the influence of early childhood education on water conservation practices among young children. Early ed...
ABSTRACT: Early childhood education plays a vital role in stress managemen...
PERCEPTION OF UNDERGRADUATE STUDENTS TOWARDS THE USE OF CONTRACEPTIVES
ABSTRACT
INFLUENCE OF EARLY CHILDHOOD EDUCATION ON WATER CONSERVATION
EARLY CHILDHOOD EDUCATION AND STRESS MANAGEMENT
