What is a feasibility study and why do we need one?
A feasibility study ends with a written report resulting from a process that examines critical opportunities and obstacles that might make or break the cooperative. A synthesis of all the information gathered is used to give an opinion on whether the cooperative will be successful as a business. Critical issues addressed in the study include the interest level of potential members, market issues, operating costs, start-up costs, and availability of capital. Because putting together a business plan is a significant investment of time and money, you need to make sure there are no major roadblocks facing your business idea—a feasibility study identifies these roadblocks.
