So often new product ideas can be wild. Wild and maybe unrealistic. Feasibility studies help to stop the dreamers wasting money on ideas that may not ever be feasible. They can also reveal some extraordinary new opportunities.
Feasibility studies basically help you to understand whether an idea, plan or product is feasible and likely to be a success. This includes considering factors such as whether it can be technically done, if it will cost more to make than the profits that can be made, as well as whether it’s worth the time and effort.
When should I do a feasibility… Read More »