Feasibility Analysis in Entrepreneurship

A set of flashcards covering key vocabulary and concepts related to feasibility analysis in entrepreneurship.

Feasibility Analysis

The process of determining whether a business idea is viable through preliminary evaluation.

Product/Service Feasibility Analysis

Assessment of the overall appeal of a proposed product or service to ensure it meets the needs of prospective customers.

Industry/Target Market Feasibility Analysis

Assessment of the overall appeal of the industry and the target market for the proposed business.

Organizational Feasibility Analysis

Determines whether a proposed business has sufficient management expertise and organizational resources to launch successfully.

Financial Feasibility Analysis

Assessment to determine the financial viability of a proposed business venture.

Product/Service Demand Assessment

The process that includes talking to potential customers and using online tools to gauge interest in the product or service.

Management Prowess

The ability and expertise of a management team to successfully operate a business.

Resource Sufficiency

Evaluation of whether an entrepreneur possesses adequate non-financial resources to launch the proposed venture.

Total Start-Up Cash Needed

Estimates the total cash required to prepare the business for its first sale.

Overall Financial Attractiveness

Assessment of various financial factors contributing to the business opportunity's likelihood of success.