Some people cannot distinguish the differences between them. In my personal opinion, business proposal is not that extensive as compared to business feasibility study. If I am going to accept a new project proposal, I prefer the business feasibility study.
Is business proposal the same with business feasibility study?
- Thread starter Shavkat
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I am not sure what do you mean by that. Do you mean studying the business model and system before practically using the model?
Well, the study of the market is quite important in case if you want to analyse the supply and demand of the product. This is quite important aspect of marketing.
@Shavkat, well the two words mean differently. You can propose a business in the absence of a feasibility study. It's just a proposal with designed schemes and graphs to prove your proposal is attainable and reachable. After its acceptance, the next move is to do a feasibility study to get the strengths and possibilities of income growth.
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A business proposal is a document that is used to persuade an individual or organization to take a specific course of action, such as purchasing a product or service, investing in a project, or entering into a partnership. A business feasibility study, on the other hand, is an analysis of the potential of a proposed project or venture, including the assessment of its technical, financial, and economic viability. While a business proposal may include the results of a feasibility study, the two are not the same and serve different purposes.
For me i feel business proposal simply means the introduction of a new business that states what the business is about and how to go about it, while flexibility study simply means the way the business can blend with the current economy.
The business proposal is definitely different from the business feasibility studies and there are two different things entirely and are conducted separately.
The business proposal is different from the feasibility studies because visibility studies is just like a market research and the business proposal is a detailed information on the modus operandi of the business.
Business feasibility study is crucial because it must be done before the establishment of such business.
So when someone that starts a business goes out to ask people that are in the business how much they sell and what quantity can be sold, that is a feasibility study. When a person sits down and develops strategy to move the business from an idea to realities, it is a business proposal.
