Example: Planning a Fish Farm - a Feasibility Study

Following is an example of the planning of a fish farm. The preparations start with an assessment of the natural conditions and other things that may support the venture, a look at the market situation of product in mind, and then if those initial data are found promising, a feasibility study is carried out. It should be mentioned here that during the planning process a constant evaluation of ideas and a revision of goals and methods in accordance with new information and changing circumstances are necessary if the plan is to be a useful tool to forecast the results of your business operations. If you have to face the fact that your original business idea does not stand scrutiny it's better to discover that in the planning phase than at a point when an investment is being sacrificed.