SCHOOL DIRECTORY
Catholic Education South Australia
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Inquiry Question

Why is it important for a business owner to conduct a feasibility study prior to establishment?

Teaching Notes

The student can produce a business proposal for a location that they can then select and examine the most appropriate way to set up a new business. 

A feasibility study can include aspects such as the starting concept, human resources requirements, the potential market, the proposed structure and location, regulations, and finance.