The Hive is pleased to bring you a feasibility tool, developed by our colleagues at Co-operative Assistance Network, which we have adapted for the purposes of The Hive.
Choosing the best route for you
There are many different templates available for doing a feasibility study, but we recommend using the information and templates we've provided over the coming pages for your business idea.
We have offered two options so you can access and use these resources in the way that suits you best:
Option 1: Work your way through this section, page by page
We would recommend you work through the pages in this section which give an explanation and resources at each step of the way.
Download our feasibility study checklist which lists all the sections you will need to write and compile, which make up your feasiblity study. It includes links to all the pages as you will need to go away and come back at different points in the process.
The below explains how the content on the page works:
Blue blocks with a target icon introduce the content and purpose of that page and essentially what you should have achieved before moving onto the next page.
Blue blocks with a document icon are specific activities you need to undertake. They often have a checklist icon to identify that a download is available.
There is a template to download on most pages:
- Each template is for you to fill in (and adapt if necessary) for your purposes, which you can pull together into one document once completed.
- These templates are a framework for doing a feasibility study so please feel free to adapt them to your requirements, but be sure not to delete anything important!
Red blocks are important messages to highlight certain activities that have to take place before moving on from that point in the site.
Option 2: Download CAN's feasibility tool template in full and work through it yourself
If you prefer, you can download the original Feasibility Tool by CAN:
Word document | pdf
Please note, however, that this is an existing tool, created for social businesses prior to the launch of The Hive.
Let's get started!Updated: 26/03/2019