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.
A feasibility study is designed to determine if a business project is feasible or not. A feasibility study must demonstrate that your business concept is financially viable and whether further investigation is 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 is found to be financially viable.
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.
The feasibility study should answer these five questions:
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