- One misconception would be that a feasibility study is a type or variant of a business plan; however, upon our readings, it was clear that a feasibility study is not a business plan. - Another misconception would be that a feasibility study is conducted after or during the making of a business plan; however, it was clarified that a feasibility study should be done first before a business plan. - Another misconception is that feasibility studies are quantitative data reliant only; however, we learned that there is a need for qualitative data. It would be a mixture of both numerical and qualitative experience-based documentation - A misconception about feasibility study is that it is only conducted for business purposes. However, after reading, it was clarified that it can be used in many ways, but it is primarily focused on proposed business ventures. - Another misconception is that feasibility studies are designed to focus on how to make the business profitable; however, we learned that its main purpose is to determine the risks associated with the idea and its viability.

Question: Can you add one last misconception about feasibility study?