Transcription of Assessing Viability and Feasibility of Business Ideas
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Assessing Viability and Feasibility of Business Ideas
Assessing Viability and Feasibility of Business IdeasDr. Neeraj PandeyAssistant ProfessorLM Thapar School of ManagementWHY NEW VENTURES FAIL Lack of Objective Evaluation No Real Insight into the Market Inadequate Understanding of Technical Requirements Poor Finance Understanding Lack of Venture Uniqueness Ignorance of Legal IssuesNEW-VENTURE IDEA CHECKLIST Basic Feasibility -Is it legal/can the product or service work Competitive Advantage of the Venture What is theCustomer Profile Marketing of Goods & Services Production of Goods & Services Financing the Venture StaffingDecision ControlMechanismFundamentals of a Feasibility Plan Provide essential information needed by investors and bankers Reasons for its chance of success/failure Supporting DocumentsFeasibility Research & and TeamTechnical and Market AssessmentConducting a Feasibility StudyStart a new businessDevelop the concept for your
Assessing Viability and Feasibility of Business Ideas Dr. Neeraj Pandey Assistant Professor LM Thapar School of Management
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