Assessing the feasibility of your idea

Assessing the feasibility of your idea

Use feasibility tests to measure the financial risks of your business ideas before you commit to them.

To be feasible, your idea must cover its costs and produce a profit. How much profit depends on your requirements.

Conduct a feasibility study to help you:

  • Define realistic targets.
  • Discover compliance and legal issues.
  • Assess when your business will start making profit.
  • Assess long-term sustainability.

In this example, we meet Anthony and Andie Gamboni, of Gamboni’s Deli in Karori, Wellington.

Mitigate risk for a brighter business future