Hi Smith, For Cost effectiveness, conduct a Preliminary Analysis before spending too much effort or recourse. Startup means lot of excitement, which may lead to unnecessary cost overrun. Usually start up firm, spend a lot of money or hire professional consultant to do feasibility analysis or report drafting without doing Preliminary Assessment The completion of a feasibility study for a small firm typically takes between 60 and 90 days, and the associated cost might range anywhere from $5K to $15K. A feasibility study will cost’s around 1% of the entire launching cost a startup firm.
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1. Preliminary analysis
2. Defining scope
3. Market research
4. Financial assessment
5. Assess risks
6. Reassessment of entire study
7. Go or no go
Thanks for summarizing the key steps of the process!
some university teachers cant even teach these in 4 lectures.Thank you brother u deserve more subs
@@monarch2335 thanks a lot. Yours support means a lot !
Informative, loved it!
Glad it was helpful!
very concise, thanks
Your welcome
Excellent, thanks!
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informative video.
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Glad it helped
What’s the most cost effective way to get a feasibility study and report for a start up
Hi Smith, For Cost effectiveness, conduct a Preliminary Analysis before spending too much effort or recourse. Startup means lot of excitement, which may lead to unnecessary cost overrun. Usually start up firm, spend a lot of money or hire professional consultant to do feasibility analysis or report drafting without doing Preliminary Assessment
The completion of a feasibility study for a small firm typically takes between 60 and 90 days, and the associated cost might range anywhere from $5K to $15K. A feasibility study will cost’s around 1% of the entire launching cost a startup firm.
its very interesting lesson and let me have your contact email if possible
Hi Solomon, Thankyou for your kind words. We are always available at help@projectsmind.com. Lets us know how can we help you .