FEASIBILITY STUDY AS A TOOL FOR ENTREPRENEURIAL SUCCESS
FEASIBILITY STUDY AS A TOOL FOR ENTREPRENEURIAL SUCCESS (A CASE STUDY OF SELECTED PRIVATE SECTOR ORGANIZATION IN IMO STATE OWERRI)
ABSTRACT
Business feasibility study is a systematic study of ascertaining the feasibility of a business one is intending to venture into. The ultimate outcome of any feasibility study is a go/no go decision you either move forward or you don’t based on objective assessment of the situation. A feasibility study represent the first time in a project development process that the pieces are out together to create a technically and economically feasibility concept. This feasibility study serves as an analytical tool to present the basic assumptions of a project, idea, shows how result vary when assumption change and provide guidance as to critical element of a products.