CONDUCTING A FEASIBILITY STUDY

For each of your two favourite ideas, answer ‘Yes’ or ‘No’ to the questions below. If the answer is ‘No’, try to think of ways you can overcome it.

IDEA 1 IDEA 2
Feasibility questions
Yes No If NO, can you overcome it? Yes No If NO, can you overcome it?
Would most consumers consider the product attractive
☐ ☐ ☐ ☐
or useful?
Is the product easy to store and transport? ☐ ☐ ☐ ☐
Does the product have a long lifespan (i.e. it will not go
☐ ☐ ☐ ☐
off, wear out or go out of fashion)?
Is the product safe for customers to use or consume? ☐ ☐ ☐ ☐

Is the product easy to make? ☐ ☐ ☐ ☐

Do you have access to the necessary materials? ☐ ☐ ☐ ☐

Will the product be in demand all year round? ☐ ☐ ☐ ☐

Is the product easily packaged and transportable? ☐ ☐ ☐ ☐

Will you be able to sell this product at a price that will
☐ ☐ ☐ ☐
cover the costs of making it and still generate a profit?
Does this product have a low start-up cost? ☐ ☐ ☐ ☐
Does making/selling the product have educational value
☐ ☐ ☐ ☐
for the students?
Overall – does this seem like a good business idea? ☐ ☐ ☐ ☐
CONSIDERING THE IMPLICATIONS OF COVID-19
Given the ongoing Covid-19 pandemic and the disruptions to education and business resulting from it, it is important that you consider these additional
questions to see if your school business ideas could be feasible within these circumstances. Once again, for each of your two favourite ideas, answer
‘Yes’ or ‘No’ to the questions below. If the answer is ‘No’, try to think of ways you can overcome it.
IDEA 1 IDEA 2
Feasibility questions
Yes No If NO, can you overcome it? Yes No If NO, can you overcome it?
If your school is shut, could the business realistically be
☐ ☐ ☐ ☐
conducted online?
If meeting in person, do you have a big enough space
where all team members/customers can meet in a ☐ ☐ ☐ ☐
socially distanced way?
Could you ensure that both students and customers are
wearing facemasks if they do meet in person? If they do
☐ ☐ ☐ ☐
not have masks with them, would you be able to provide
them?
Would you be able to sell this product in a way that
☐ ☐ ☐ ☐
doesn’t need to be in person?
If you are to sell this product online, will the business
need to consider additional postage/package costs? ☐ ☐ ☐ ☐
Would these be high?
If you are to sell this product online, is it easily and safely
☐ ☐ ☐ ☐
transportable?
Would you able to cover the start-up costs for this
☐ ☐ ☐ ☐
product/service if restrictions are imposed?
Will you have access to the resources you need to make
and sell the product if there is a lockdown/if non- ☐ ☐ ☐ ☐
essential retail remains closed?
Do you have the facilities to make and store the product
☐ ☐ ☐ ☐
is your school is closed?
Will the business be negatively impacted if there is a ☐ ☐ ☐ ☐
sudden change of restrictions? Have you ensured that it
works in both COVID-restricted and pre-COVID
environments?
Will students lose out on the educational value of
making/selling this product if the business isn’t ☐ ☐ ☐ ☐
conducted in person?
Overall, does this business idea seem COVID-secure? ☐ ☐ ☐ ☐