Hi Smith, For Cost effectiveness, conduct a Preliminary Analysis before spending too much effort or recourse. Startup means lot of excitement, which may lead to unnecessary cost overrun. Usually start up firm, spend a lot of money or hire professional consultant to do feasibility analysis or report drafting without doing Preliminary Assessment The completion of a feasibility study for a small firm typically takes between 60 and 90 days, and the associated cost might range anywhere from $5K to $15K. A feasibility study will cost’s around 1% of the entire launching cost a startup firm.
