Making the decision whether the project idea is good or not

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Then we decide which project should be studied and whose economic feasibility should be done. You may be interested in knowing what referral marketing is and what its advantages are. 2. Knowing whether people will buy the product or not. This is done by identifying the needs and demands of potential or real customers and studying whether people will buy what we plan to produce and sell in the potential market. 3. Determine how the project will work. There must be a thoughtful decision on how to operate the project and a full study of how it works. 4.

Estimating the income received from the project, i.e. from Rich People Phone Number List sales, by estimating the expected quantity produced during a certain period of time and its expected price upon sale, and thus anticipating the profit returned from the project. 5. . You must ensure that the project idea is useful or not by answering some questions such as: • What is the size of the project’s profits?  How can profits and financial flow be calculated? What other benefits result from the project?




Preparing a detailed feasibility study for the project, including the economic feasibility study for the project, is not a luxury as much as it is a necessity to determine the goal of establishing and implementing the project, as well as its success and continuation later. It also works to control all the details of the project from the economic perspective, and their connection to the other detailed parts. For the feasibility study, and finally, the implementation feasibility study is a sales tool for the new product