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This booklet covers eight steps to startinganew business:  \nTABLE OF CONTENTS  \nCHAPTER 1: THE FEASIBILITY STUDY ................................................................................ PAGE 2  \nCHAPTER 2: THE BUSINESS PLAN ................................................................................... PAGE 17  \nCHAPTER 3: CASH FLOW REQUIREMENTS ........................................................................ PAGE 28  \nCHAPTER 4: LEGAL ISSUES ............................................................................................. PAGE 32  \nCHAPTER 5: PERMITS ..................................................................................................... PAGE 37  \nCHAPTER 6: EMPLOYEE AND CONTRACT LABOR ............................................................... PAGE 40  \nCHAPTER 7: FINANCING OPTIONS .................................................................................... PAGE 43  \nCHAPTER 8: TAX RESPONSIBILITIES ................................................................................. PAGE 47  \nIt is important that you follow the directions found on the first page. Start atthe beginning and work your way from chapter to chapter. Do not jump ahead or skip chapters. When you finish, you will have completed the background work necessary for starting a business.  \nWhile every effort has been made to ensure the reliability of the information presented in this publication, the publisher does not guarantee the accuracy of the data contained herein. Errors brought to the attention of the publisher and verified to the satisfaction of the publisher will be corrected in the future editions.  \nChapter 1: The Feasibility Study  \nChapter 1: The Feasibility Study  \nThe first step on your road to starting a business is the feasibility study. This first step helps you, the prospective businessowner, determinethepracticality and viability of your business idea.After completing the feasibility study, you will have an indication of market opportunity and growth potential. You want this information now, before you risk valuable time and money.  \nThe feasibility study can help you analyze the possible risksand rewardsofyourconceptand increase the probability of your success. During this exercise you will gather information on current economic conditions and the state of the industry in which you want tostarta business. You will conduct a detailed analysis of your competitors and potential customers.After you have gathered this  \ninformation, you will be able to decide if your idea is worthy of more time and money.  \nOverview—TheFeasibilityStudy   \nThe feasibility study helps you examine your ideas objectively from several viewpoints. The flowchart below indicates the process you will follow.  \nEvery feasibility study begins with an idea. This idea can be fora product or service.Amarket analysis, which thoroughly investigates the industry, competition, economic environment and target markets, will help you decide if the idea can becomea profitable business.Thisexercisealso helps you make an informed decision by identifying the requirements for starting a particular  \nTheFeasibilityProcess  \n\n| Idea | | MarketAnalysis | | Requirements | | Decision | | Go | | BusinessPlan |\n| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |\n|  |  |  | |  | |  |  |  | |  |\n\nDefinition  \nObjectives  \nIndustry Competition Market  \nExperience/Knowledge  \nTime Legal Financing  \nNo  \nRe-evaluate  \nbusiness,suchasexperience,time,andlegaland funding issues.  \nAfeasibility study can take weeks or even months to complete, but the process puts y","cbCaibeB3BOksopb","https://ap.wps.com/l/cbCaibeB3BOksopb","pdf",580399,"English","# Chapter 1: The Feasibility Study\n## Overview—The Feasibility Study\n## The Feasibility Process\n## Your Idea: Defining Your Business\n## Customer Viewpoint\n## Product/Service\n## Customers","[{\"question\":\"What is the purpose of the feasibility study in this roadmap?\",\"answer\":\"The feasibility study helps you objectively examine your business idea, determine its practicality and viability, and understand market opportunity and growth potential.\"},{\"question\":\"What information do you gather during the feasibility study?\",\"answer\":\"You gather data on current economic conditions, the state of the industry, competitors, and potential customers to support a detailed analysis and risk-reward evaluation.\"},{\"question\":\"How does the feasibility study connect to the business plan?\",\"answer\":\"If you move forward, the feasibility study becomes the basis for developing a comprehensive business plan, while delaying a venture allows you to apply the knowledge to other opportunities or re-evaluate the original idea.\"}]","Texas Roadmap to Starting a Business - Chapter 1 - The Feasibility Study | PDF",1789797562]