Complete Definition
Feasibility assesses whether a business idea can be practically executed with available or attainable resources. It examines technical, financial, operational, and temporal aspects of bringing an idea to market.
Types of Feasibility
Technical Feasibility
- Can the product be built? - Is the technology mature enough? - What expertise is required? - Are there technical risks?
Financial Feasibility
- What's the startup cost? - What funding is needed? - When will it break even? - What's the ROI potential?
Operational Feasibility
- Can you build the team? - Are suppliers available? - Is infrastructure accessible? - Can you scale operations?
Time Feasibility
- How long to MVP? - What's time to market? - Are there time-sensitive windows? - Can you beat competitors?
Feasibility Scoring Factors
- Resource availability - Technical complexity - Team capabilities - Time constraints - Capital requirements - Regulatory hurdles
High vs Low Feasibility
- **High**: Uses existing tech, small team can build, reasonable funding needs - **Low**: Requires breakthrough tech, large team, massive capital