Many entrepreneurs have difficulty implementing their ideas because it is easier to come up with a theory than actual ideas. A business feasibility questionnaire is important because it helps people think about whether their business ideas are feasible or not. A business feasibility questionnaire can be used as part of a guideline in a business plan guideline. It should help show questions that a person might overlook when coming up with a business concept. Below is an example of a business feasibility questionnaire that can be used as part of a business proposal, business plan or guideline.
Sample Business Feasibility Questionnaire
This questionnaire is to help you ensure that your business plan and idea is feasible
Have you come up with a structured timeline of events?
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Do you have a vision that is foreseeable?
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Do you have S.M.A.R.T (specific, measurable, attainable, realistic, time bound) objectives?
_____________________________________________________
Have you identified your competition?
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If you have a new concept, do you think that you can penetrate the market with it?
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Have you ensured that your idea or plan cannot be stolen?
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Have you exhausted the necessary research to ensure that your business is feasible?
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How confident are you that your business is feasible?
Extremely confident: _________
Confident enough: _________
Fairly confident: ___________
Not too sure: _______________
Not confident: _____________
How long do you think your business will take to be implemented?
A week: ___________
A month: _____________
6 months: _____________
A year: _______________
More than a year: _____________
Have you gone through your plan?
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