BMGT: HVAC - An Entrepreneurial Business Plan: Getting Started

HVAC in the Occupational Outlook Handbook

Heating, air conditioning, and refrigeration mechanics and installers

The Occupational Outlook Handbook, published by the Bureau of Labor Statistics, a division of the United States Department of Labor offers insights into pay, work conditions, job outlook, and state and local data.

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What is a Feasibility Study?

 

 

A feasibility study is designed to determine if a business project is feasible or not. A feasibility study demonstrated that your business concept is financially viable and if further investigation in needed prior to beginning the business plan. Think of a feasibility study as the plan for the business plan. Information obtained for the feasibility study will then be worked into the business plan if the project if found to be financially viable.

Featured Database for Entrepreneurs

20 Questions to Consider Before Starting a Business with Links to More Ideas

Thinking about starting a business?  This article, 10 Steps to Start Your Business, sponsored by the SBA, offers insights into the ten steps to take to make it happen, and suggests questions to ask yourself along the way.

Reference Librarian

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Ryan Scott
Contact:
Columbus State Community College
Library - Columbus Hall 202 (2nd Floor)
Phone: 614.287.5634

The Five Questions

The feasibility study should answer these 5 questions:

  • Will it work or not?
  • Is it profitable or not?
  • What will it basically cost to fund/start?
  • Is it worth doing?
  • Is it worth devoting time and resources to a business plan?

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