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Market Feasibility Study: More Important Than a Business Plan 

Ian Johnson
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What could be more important than a well-defined and well-researched business plan? Well, most entrepreneurs think that having a business plan is the first thing they must do. Unfortunately, they're wrong.
A market feasibility study is the all-important first step. After all, if the market is dying or won't allow your new venture to enter, then why bother with a business plan? No matter how strong your business plan is, if your market isn't willing to give you a chance, or is unhealthy, then you won't get anywhere.
This video explains why performing a market feasibility study is so important to successfully starting a new business. It defines the health of the market, the potential for market growth and your chances of succeeding.
This video explains how the information you gather through your study can be used to make your business plan that much better.

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14 окт 2024

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Комментарии : 68   
@Nah481
@Nah481 3 месяца назад
I was chatting online with somebody that thought they only need to start a business and open their doors and customers would arrive. Flabbergasting. I had to set him straight
@alexismarquez3674
@alexismarquez3674 2 года назад
I WORKED SO HARD FOR MY FEASIBILITY STUDY.
@khaledsewiti3973
@khaledsewiti3973 4 месяца назад
Hi, thank you for the nice presentation you did. what is the quantitative criteria for determining the project feasibility, whether is it profitable project or for-non profit project.
@gagangujral8258
@gagangujral8258 7 лет назад
Hi Ian - As away, you produce some really great content. Can you recommend me a book on Market Feasibility?
@WAGEEHII
@WAGEEHII 8 лет назад
1:37 when everything lines up and your checks and balances are all done and everything makes sense, THEN START THINKING POSITIVELY I like this guy !
@Nah481
@Nah481 3 месяца назад
Great lesson!
@gamalielavila3879
@gamalielavila3879 3 года назад
Thank you for this. I finally got my thoughts.
@dean-lewis7
@dean-lewis7 7 лет назад
Thank you very much Mr. Johnson this is very helpful!
@yolisacwengavika7116
@yolisacwengavika7116 9 лет назад
thanks a lot Ian you really helped. shout out from Cape Town, South Africa :)
@Driveyoursuccess
@Driveyoursuccess 9 лет назад
yolisa vika Thank you for the comment. Let me know if you need me to cover anything else. :)
@gjcody
@gjcody 6 лет назад
I like your information. Very down to earth ...easy to follow and understand. Thank you.
@sushantpaudel9213
@sushantpaudel9213 6 лет назад
how would be know whether the product is in growth phase or decline phase? Is there any technique you can recommened
@Christinaleslie45
@Christinaleslie45 Год назад
For some reason you explaining this I feel like I've mix up my business feasibility with my industry analysis 🙆‍♀️
@SAM2024SAM1
@SAM2024SAM1 5 лет назад
Thank you very much Mr. Johnson this is very helpful! is there more videos explaining how to do each step aside !!
@andybearvlog6140
@andybearvlog6140 7 лет назад
Thanks for the video, this was very clear and easy to follow.
@Driveyoursuccess
@Driveyoursuccess 7 лет назад
Thanks!
@najibssuccar85
@najibssuccar85 2 года назад
thank you sir
@gregsanchez113
@gregsanchez113 9 лет назад
I found your explanation simplier but very detailed information, Thanks!
@nauridkashpiasenjuti
@nauridkashpiasenjuti 9 лет назад
Hello sir, thank you for such useful information. I'm a BBA student and marketing is one of my majors. Whatever you have discussed are really important for entrepreneurship level. I know how to do SWOT, PESTLE or Porter's 5 force for analyzing market and competitors. But now I'm working on a project to create a business case and do the feasibility test for an existing telecom company who are going to lunch a new internet package. I am really confused about how to do that!! I have collected all the market data, done the pivot test and found the total amount of target segment. May be I need to assume the acceptability of new package based on their consumption pattern of other packages right!!....Can you please up a new video lesson of how to do a feasibility test for existing company when launching new products!!
@reginayukyuk
@reginayukyuk 9 лет назад
Thanks Ian, your video really helps me. I am planning to open a gallery selling oil paintings. Thanks again.
@Driveyoursuccess
@Driveyoursuccess 9 лет назад
+reginayukyuk Hey, it's you again :) Take care and let me know if you need any specific topic covered.
@reginayukyuk
@reginayukyuk 9 лет назад
+Ian Johnson I will let you know, of course. I will ask your questions too. Thanks!
@YanSlay
@YanSlay 2 года назад
Very well done!!
@rabiasyed2105
@rabiasyed2105 6 лет назад
this video was very useful .. thank you so much
@pr7606
@pr7606 6 лет назад
This explains why my last 5 businesses failed. It also highlights why my next venture will succeed.
@VladaldTrumptin
@VladaldTrumptin 5 лет назад
One year on, I bet you’ve killed it! And if not, please remember that the sheer tenacity you possess to keep getting up and trying is something that sets you apart from I’d bet 90% of the rest (myself included here). Your comment inspired me very much. All the very best to you & your new venture! S x
@juliana15yu
@juliana15yu 2 года назад
Did it have success?
@mohammadbitar5022
@mohammadbitar5022 8 лет назад
thank you Mr Ian for these informations. you benefit me alot . appreciate your efforts
@allthethings9416
@allthethings9416 5 лет назад
All well and good, but where do you obtain this kind of info on your own?
@sawlty-suite5131
@sawlty-suite5131 4 года назад
Love your content, thank you so much
@jenai1404
@jenai1404 5 лет назад
Thanks for the Information do have books available online
@Driveyoursuccess
@Driveyoursuccess 5 лет назад
Hi Jenai - The best source is on my website - DriveYourSuccess.com
@Senad
@Senad 10 лет назад
Very useful info...Yours sharing of knowledge it's appreciated.
@Driveyoursuccess
@Driveyoursuccess 10 лет назад
Thank you. Let me know if you need me to discuss something else.
@chakriyachan4721
@chakriyachan4721 7 лет назад
Thank you very much, Ian for these amazing works of yours. It is really helpful for a marketer like me! :)
@michaelanthony2012
@michaelanthony2012 8 лет назад
This is really awesome! It is simple and easy to understand!
@Driveyoursuccess
@Driveyoursuccess 8 лет назад
+Mo Ja Thanks a bunch! Take care
@michaelanthony2012
@michaelanthony2012 8 лет назад
Hi, I am about to start a feasibility study on Goats breeding which later on I will sell it. Any idea?
@khalidalhadidi6402
@khalidalhadidi6402 7 лет назад
Love it very informative great thanks to you Sir
@salehgaamel4947
@salehgaamel4947 6 лет назад
Great full to you Mr. Johnson
@VladaldTrumptin
@VladaldTrumptin 5 лет назад
Fantastic video!!
@AhmadFaiRamdi
@AhmadFaiRamdi 10 лет назад
Wow, Thanks You so Much, very Useful,
@Driveyoursuccess
@Driveyoursuccess 10 лет назад
Ahmad Fai Ramdi Thank you for the feedback.
@NGinfo2020
@NGinfo2020 6 лет назад
Great info, so CLear...
@TABZREVIEW
@TABZREVIEW 6 лет назад
thanks for information
@drewcarter905
@drewcarter905 7 лет назад
How do you get the hard numbers on your market?
@laurenttri8143
@laurenttri8143 6 лет назад
Really usefull, good job!
@khaledalzahrany7150
@khaledalzahrany7150 3 года назад
Exactly
@kamalarora3877
@kamalarora3877 7 лет назад
Excellent!!
@collegesynewave
@collegesynewave 5 лет назад
thank you this is really useful :)
@yaswanth6984
@yaswanth6984 Год назад
The Buzz sounds In the Baground is heavier Than Your Voice. Try To speak A Bit Louder Cause Even Im using headphones i can Only hear the buzz larger than Your Voice.
@sheryll9966
@sheryll9966 9 лет назад
Thanks a lot for making this video. This will help me with putting up my cupcake shop. :-) God bless!
@Driveyoursuccess
@Driveyoursuccess 9 лет назад
+Sheryl Leduna Thanks Sheryl. Hope things work out for you.
@sheryll9966
@sheryll9966 9 лет назад
Thanks! :)
@banderaldajani1077
@banderaldajani1077 10 лет назад
Very useful video.. I wish you have it in more length with more details. There are not many practical material like this available in youtube. If you put up a material on how to write a feasibility study will be much appreciated.
@Driveyoursuccess
@Driveyoursuccess 10 лет назад
Bander Alotaibi Hi Bander - yes, I will certainly get to that video at some point. Take care Ian
@juliana15yu
@juliana15yu 2 года назад
7 years ago you were rude
@rehab222151
@rehab222151 2 года назад
I am great full
@yporqueyo9957
@yporqueyo9957 9 лет назад
Thanks!!
@اميرة2024
@اميرة2024 6 лет назад
Nice
@JosephLesher
@JosephLesher 9 лет назад
In an online course that requires a feasibility study by course completion. Thanks for helping me get started!
@Driveyoursuccess
@Driveyoursuccess 9 лет назад
No problem and thanks for the feedback. Let me know if you would like me to cover another topic. Take care. Ian
@leedavies3563
@leedavies3563 9 лет назад
ian i need some help writing a feability study, any chance I can get your email?
@leedavies3563
@leedavies3563 9 лет назад
Thank you Ian, I have emailed you.
@alexismarquez3674
@alexismarquez3674 2 года назад
IT'S MY FIRST COUSIN-IN-LAW DR. KATHLEEN VALENTON AZURIN WHO INSPIRED ME IN MY STUDIES SINCE I MET HER DURING MY HIGHSCHOOL DAYS. I LOVE THE ATTITUDE OF MY FIRST COUSIN-IN-LAW DR KATHLEEN VALENTON AZURIN.
@alexismarquez3674
@alexismarquez3674 2 года назад
MY FIRST COUSIN-IN-LAW DR. KATHLEEN VALENTON AZURIN WILL SURELY ENJOY THE COMPANY OF MY FIRST COUSIN KARINA LEDESMA DEL ROSARIO, CLARISSA ANNE CHIA AND PAULINE LEDESMA-WEE.
@gindrunk
@gindrunk 5 лет назад
Its always easy when they do it :)
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