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Rough Cut Feasibility Study for New Business

Introduction:

In order to establish the feasibility of a business, a complete business plan, with financial projections for at least 3 years, needs to be formulated. But first, do a rough cut which will establish whether it is worthwhile putting the time, effort and expense into a full blown plan.

See Glossary below for explanation of terms

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Before you Start Your Business

One of the fundamental requirements for starting a business is a business plan. Most if not all funding sources, banks, venture capital firms and/or angel investors require a detailed plan. An explanation of the need for a sound business plan is outlined in another article, Business Plans, on the Greater Knoxville SCORE website. Another article, Planning, outlines what the business plan should include.

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10 Low-Cost Business Ideas
You want to start a business, but you don't have a lot of money. There are plenty of businesses you can launch for well under $10,000 (or even < $1,000).
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How to Make Sales Prospecting into a Daily Ritual
Sales success is not built on overwhelming displays of charisma and talent – sales success is achieved as a result of slow, steady, mundane hard work.
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Risk vs. Reward: Are These Business Financing Sources Worth The Risk?
Accessing capital is a challenge for many small business owners. Of course there are options, but some of them are potentially more risky than others.
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The New B2B Buyers and How to Reach Them
B2B buying is undergoing a sea change as millennials are exerting a growing influence over the purchasing process.
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How to Successfully Run a One-Person Business
Regardless of size, every business should have the basics, including a business plan, website, and bank account.
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Developing the Right Product Mix for Your Small Business
New products promote business growth and enable business owners to respond to industry trends and consumer demand.
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Should I Trade My Services for Equity in a Startup?
Before deciding to trade your service fees for equity (and become a part-owner) in a customer’s business, explore these seven issues.
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Copyright © 2024 SCORE Association, SCORE.org

Funded, in part, through a Cooperative Agreement with the U.S. Small Business Administration. All opinions, and/or recommendations expressed herein are those of the author(s) and do not necessarily reflect the views of the SBA.

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