Feasibility of your business idea

As an entrepreneur, your main objective is to bring success to your new business venture. No matter what product or service you are creating, you need to convince other people to finance your initiatives.

Becoming successful in business is not easy especially in the financial aspect. That is, unless you have very rich – and patient – friends and family with deep pockets. But most people aren’t so lucky.

Do you know what feasibility study is? Basically, feasibility studies assess the viability of new projects and help to determine whether or not it is “feasible” to move forward. Essentially, a feasibility analysis is a specialised market research project combined with elements of a business plan.

What makes an excellent feasibility study? A great feasibility will help you achieve your main goal which is to demonstrate a new business idea rooted in reality, present a demonstrated market need for your new business, and to show that your business execution plan is practical.

Feasibility study is a specialised market research reports. It provides a significant return-on-investment (ROI) if properly executed. It can be one of the best investments you ever make as an entrepreneur. However, there are myriad ways that one can go wrong. And the repercussions of a poorly-conceived or poorly-executed study can be disastrous.

Read more about business feasibility at: https://www.smallbusiness.wa.gov.au/business-topics/starting-a-business/feasibility-of-the-business-idea

Extending Your Social Media Reach: Working the Facebook Author Tag Feature

Do you want to become the next web marketing rock star that can generate six-figure income in less than a month? This goal is not impossible as many have already done this before. Start by taking advantage of Facebook marketing.

Perth Business NewsFacebook marketing has become of the most effective modern marketing platforms that help increase your fan base and build a captive audience so that you can market your brand and grow your business. With more than 1.23 billion active monthly users from all corners of the globe, Facebook is truly a great platform to market your brand.

To begin your Facebook marketing campaigns, the first step that you need to do is to create a fan page with the name of your business, description, a company logo, and photos of the product you are offering. When you create your business page make sure that you choose to use the vanity URL. If you don’t use the vanity URL your URL will include lots of numbers where you would want your chosen name to appear. You can set up your vanity URL in the page settings.

Then, the next step is to promote your page. Plan a good strategy to get a bunch of likes and reach a lot of people. Recently, Facebook has just added the Author Tag feature to help marketers extend their reach. To learn more about this new feature, you should read the post at Huffington Post.

Check out the full article here: http://www.huffingtonpost.com/jonha-revesencio/extending-your-social-med_b_7959358.html?utm_hp_ref=business&ir=Business