About this Course
The Business Feasibility Study is used to support the decision-making process based on a cost benefit analysis of the actual business or project viability. The feasibility study is conducted during the deliberation phase of the business development cycle prior to commencement of a formal Business Plan.
This course is aimed at learners who wish to identify and screen new ideas and/or opportunities with the intention of establishing and/or participating in a new venture.
The qualifying learner is capable of finding information about different industry sectors; explaining the purpose of potential new ventures; identifying characteristics of successful ventures and evaluating new venture opportunities.
Learning Outcomes
The qualifying learner will be able to:
- Identify and assess own business ideas/opportunities for a new venture.
- Analyse the viability of a selected idea/opportunity against specific screening variables.
- Research the potential of a particular idea/opportunity as a new venture.
- Analyse a range of risks associated with a new venture.
- Evaluate new venture ideas/opportunities based on research findings.
Modules
1. ID 114600 – Innovative thinking for small business
2. ID 114596 – Business Viability Research
3. ID 263514 – Marketing for Small Business
4. ID 9015 – Statistics and Probability for Small Business
5. ID 7468 – Investigating and Finances with Mathematics
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