What makes an idea feasible? It is not just an emotional feeling more a gut feel, or feedback from your mother. Feasibility can be measured using some will used business tools.

We have created an assessment tool that has been widely used by entrepreneurs and business owners for a number of years. The purpose of this tool is to help determine the feasibility of a concept or idea before going to the next stage of fleshing it out into a business plan.

Almost all of the data you will gather for this exercise can be carried forward to your business plan so the exercise will not be wasted. This assessment is based loosely on the Porter Five Forces model with additional assessment questions.

There are different factors that influence a business from conception onward. These you have little control over but can manage the effect and influence they have on your sustainability.

If you would like a copy of this feasibility assessment, we would like to take this opportunity to offer it to you for free to assess your business idea. Simply click here, complete the form and we will e-mail you a copy for your personal use.

We would love your feedback, on your ideas and how you found our assessment. Trust that this will be a helpful tool in developing your new business idea.