Is Your Business Idea Feasible?

http://asbdc.ualr.edu/consulting/feasibility.pdf

Arkansas Small Business Development Centers – A partnership program with the U. S. Small Business Administration and the University of Arkansas at Little Rock

This workbook is not a guide to writing a business plan. That is an extensive process that varies from business to business. Before you proceed to do a business plan, you should have already completed the basic business feasibility analysis.

TABLE OF CONTENTS
INTRODUCTION 1
IDENTIFY PERSONAL OBJECTIVES, SKILLS, AND RESOURCES
Step 1. Identify Your Personal Objectives 5
Step 2. Identify Your Personal Skills and Experience 7
Step 3. Identify Your Personal Financial Resources 9
DESCRIBE BUSINESS IDEA AND REQUIREMENTS
Step 4. Describe Your Product or Service 14
Step 5. Describe Your Customer 16
Step 6. Describe Your Competition 18
Step 7. Describe Your Sales and Distribution Process 20
Step 8. Describe Your Management Requirements 26
Step 9. Develop Your Sales Forecast 28
Step 10. Identify Your Start-up Expenses 30
Step 11. Estimate Your 12-Month Operating Budget 32
STEP 12. EVALUATE BUSINESS FEASIBILITY
Market Scoresheet 45
Management Scoresheet 46
Money Scoresheet 47
CONCLUSION 49

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