There are entrepreneurs who believe that the time it takes to complete feasibilities or due diligences risks the idea being stolen by competitors. The truth is that this may occur but it is better to have an idea stolen than to rush into implementing an idea that will be costly. There are times when critical dealbreakers are not immediately ascertained, which could result in financial ruin. In fact, you will find that funders always undertake their own feasibility, whether you have undertaken one or not.
This chapter thus highlights the following:
• Organizational and staff feasibility studies.
• Competitive analysis.
• In-depth market and financial feasibility studies.
In conducting a feasibility study, factors need ...