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Feasibility Study or Business Plan.
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Life is About Choices and the Decisions We Make
Life is like a road.
There are long and short roads; smooth and rocky roads; crooked and straight paths.
In our life many roads would come our way as we journey through life.
There are roads that lead to a life of single blessedness, marriage, and religious vocation.
There are also roads that lead to fame and fortune on one hand, or isolation and poverty on the other.
There are roads to happiness as there are roads to sadness, roads towards victory and jubilation, and roads leading to defeat and disappointment.
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Things You Thought You Knew About Leadership
Much has been written about leadership:
rules, pointers, styles, and biographies of inspiring leaders throughout world history.
But there are certain leadership ideas that we ourselves fail to recognize and realize in the course of reading books.
Here is a short list of things you thought you knew about leadership.
There are different types of leaders and you will probably encounter more than one type in your lifetime.
Formal leaders are those we elect into positions or offices such as the senators, congressmen, and presidents of the local clubs.
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What is a business plan?
A business plan is a written statement of your business; what you want to achieve with it and how you will do that.
It should outline the structure of your business, the product or service, the customer, the growth potential and the financials.
But as well as giving information about your business it should also inspire you for the future.
A business plan should give you an idea of what you need to achieve, says Nick Bos, a business adviser in East London.
Every business should have a plan whether it is to open a second shop or float on the stock exchange.
It is why you are in business. It helps you to define strategy and, if properly used, will help you involve and motivate key members of staff.
It allows you to work out how to make your business a success and can help you avoid failure by plotting the pitfalls along the way.
It should outline a realistic target for how that can happen while remaining flexible enough to make changes along the way.
By setting out a plan and some targets, you can also monitor your progress and get the business back on track fairly quickly if anything goes wrong.
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Virtual Business Plan
Virtual Business Plan is a unique and free online resource that mirrors the major sections of a business plan and provides insight into the fundamentals of writing an effective business plan for your company. Each section of the Virtual Business Plan includes:
Biz Basics - The business plan fundamentals to consider and incorporate into each section of your plan.
Common Mistakes to Avoid - Highlights the most common mistakes that business plan writers make.
Avoid these mistakes to add credibility and power to your business plan. Section-Specific Tips - Other advice, articles, tips, tools and links related to each section of a business plan.
Use the Virtual Business Plan Menu down below to navigate to the business plan section or topic you are interested in learning more about.
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What is a Feasibility Study?
As the name implies, a feasibility study is an analysis of the viability of an idea.
The feasibility study focuses on helping answer the essential question of - should we proceed with the proposed project idea?
All activities of the study are directed toward helping answer this question.
Feasibility studies can be used in many ways but primarily focus on proposed business ventures.
Farmers and others with a business idea should conduct a feasibility study to determine the viability of their idea before proceeding with the development of the business.
Determining early-on that a business idea will not work saves time, money and heartache later.
A feasible business venture is one where the business will generate adequate cash-flow and profits, withstand the risks it will encounter, remain viable in the long-term and meet the goals of the founders.
The venture can be a new start-up business, the purchase of an existing business, an expansion of current business operations or a new enterprise for an existing business.
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