Difference between Feasibility study & Business Plan | Unit 3 | Enpreneurial journey | Class 11

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A feasibility study is conducted to check whether a business idea is practical and profitable.
It examines the costs, benefits, risks, and market potential of the proposed idea.
If the idea is feasible, then a business plan is prepared for its implementation.
The business plan gives detailed strategies for operations, marketing, finance, and growth.
This explanation is ideal for Class 11 Entrepreneurship students for easy understanding

BasisFeasibility StudyBusiness Plan
MeaningConducted before a business plan: tests if an idea or project is viableCreated after feasibility shows promise: outlines how you’ll launch and grow the venture
Objective / FocusEvaluates whether the idea is worth investment: focuses on analysis, projections, costs vs benefitsProvides a roadmap of tactics and strategies needed to implement and scale the business
Linkage:Can be converted into or serve as input for the businessBuilds on feasibility outcomes and forms the detailed
BenefitConfirms whether the idea is viable and practical: helps decide go/no-goGuides business direction, growth, and sustainability: communicates the plan to stakeholders

Women entrepreneurs Need to Overcome Challenges/ Problems faced by women entrepreneurs in India

The following are some of the limitations faced by women entrepreneurs:
Patriarchal society: In India, patriarchy often means men dominate decision-making, and women’s roles are limited to the home. They face societal pressure to prioritize family duties over careers. This bias makes it more challenging for women to access finance, education, and leadership opportunities.

01

Patriarchal society

In India, patriarchy often means men dominate decision-making and women’s roles are limited to home. They face societal pressure to prioritize family duties over careers. This biasness makes it harder for women to access finance, education, and leadership roles.

Example: Valli Arunachalam is the eldest daughter of M.V. Murugappan, the late chairman of the ₹38,000 crore Murugappa Group.She holds a Ph.D. in Nuclear Engineering, 23 years of Fortune 500 experience, and numerous patents. Yet, in 2020, 91% of her family members voted against appointing her to the board of the group’s holding company, Ambadi Investments, simply because she is a woman.

02

Lack of opportunities

In many rural and underserved areas, girls still don’t receive basic education. This limits their ability to develop skills, confidence, and awareness of opportunities. Despite being skilled through tradition or home-based work, without formal training or literacy, women often struggle to access finance, formal markets, and entrepreneurial support.

03

Enabling technologies for women

Women face the problem of lack of technology knowledge. So women should be technology enabled. It refers to digital and tech-driven tools that open doors for production, marketing, business operations, and market access. These tools help women overcome constraints like limited mobility, safety concerns, and lack of access to formal markets.


Real-Life Example: Rose Angelina – Meghalaya’s Digital Pioneer
• Who: Rose Angelina runs a Common Service Centre (CSC) in the Khasi Hills.
• What she does: Provides digital access to government services, e payments, telemedicine, and education in remote villages.
• Impact: Rose also runs a sanitary pad manufacturing initiative (Stree Swabhiman) to boost women’s health and jobs locally.

04

Social barriers

In many rural communities, elderly women and men enforce norms that restrict mobility, work outside the home, or independent decision-making by women. The caste system adds another layer—women from lower castes face social exclusion and reduced access to education, credit, and markets. Efforts should be made to provide Education and vocational training raise awareness, confidence, financial literacy, and technical knowledge, making entrepreneurship more achievable.

05

Attitude of creditors towards women

Women face the problem of lack of technology knowledge. So women should be technology enabled. It refers to digital and tech-driven tools that open doors for production, marketing, business operations, and market access. These tools help women overcome constraints like limited mobility, safety concerns, and lack of access to formal markets.


Real-Life Example: Rose Angelina – Meghalaya’s Digital Pioneer
• Who: Rose Angelina runs a Common Service Centre (CSC) in the Khasi Hills.
• What she does: Provides digital access to government services, e payments, telemedicine, and education in remote villages.
• Impact: Rose also runs a sanitary pad manufacturing initiative (Stree Swabhiman) to boost women’s health and jobs locally.

06

Organised sector

Even skilled women often lack recognized technical credentials or degrees required by formal enterprises.
This limits eligibility for formal jobs—even when experience exists. Women should be encouraged to enroll in government-supported vocational programs (e.g., PMKVY, Craft Cluster, technical diplomas). These certifications will help women qualify for formal jobs and leadership positions

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