Starting your own business is challenging. But at first you have to make sure your idea is feasible. The best way to check the feasibility of your idea is to conduct a feasibility study. Its goal is to determine the strengths & weakness of a product, team & business model. Also, to determine the required resources to execute the idea & the prospects for its success. Wikipedia stated that a well-designed feasibility study should provide historical background of the business or project, a description of the product or service. Besides preparing the accounting statements, details of the operations and management, marketing research and policies.Also, a description of the financial data, legal requirements and tax obligations.After conducting the feasibility study stage & become sure that your idea is feasible you should begin writing the business plan. But now let’s take a look to feasibility study pros & cons.