Preliminary forecasting and research are an integral part of any competent business strategy. One of the most multipurpose types of provisional study that covers all layers of the upcoming business project activities is a feasibility analysis. According to Spacey (2017), “feasibility analysis is the process of confirming that a strategy, plan or design is possible and makes sense” (para. 1). Novice entrepreneurs and experienced business people begin the practical implementation of their business ideas, primarily with this specific assessment technique. This paper will examine the concept and basis of feasibility analysis, the business areas it surveys, and the method of its proper implementation. Nature and Objectives of the Feasibility Analysis First of all, the feasibility analysis is a method of evaluative research. Studying various aspects of the future business project from the financial to the legal component, the specialist determines the degree of the feasibility of the practical implementation of an entrepreneurial idea. Simplilearn (2020) notes that “a feasibility analysis evaluates the project’s potential for success; therefore, perceived objectivity is an essential factor in the credibility of the study for the potential investors and leading institutions” (para. 3). The word “success” means not only the return on investment and possible income but also various risks and unexpected costs. Properly compiled feasibility study allows entrepreneurs to obtain the necessary financial investments from banks and sponsors. However, along with the essence of the feasibility analysis, it is essential to understand the points on which the assessment is carried out. Fields of Feasibility Analysis The convenience of feasibility analysis lies in the fact that it allows the entrepreneur to study all the fundamental fields of business activity as a whole and separately. According to Kenton (2019), feasibility assessment asks questions like, “do we have the people, tools, technology, and recourses necessary for this project to succeed?” (para. 3). Feasibility analysis is divided into four major and two minor segments: technical, economic, which also includes market and financial parts, legal, and organizational assessments. Technical Field of Feasibility Assessment The study of technical enforceability of a project involves an analysis of the organization’s software and hardware, as well as the number and quality of available equipment. In particular, the assessment implies analytics of the conformity of the equipment to the tasks of the project (Vafadar, Tolouei-Rad, Hayward, & Abhary, 2016). The segment also includes an evaluation of the technological awareness of the responsible staff and its ability to practically realize an entrepreneurial idea. Economic Field of Feasibility Assessment Evaluating a project from an economic perspective represents a fundamental part of the feasibility analysis. First of all, the assessment of this segment implies the calculation of future profits in accordance with the upcoming expected and unexpected costs, revealing the profitability of the business idea (Muharrami, 2019). The economic part of the feasibility study also takes into account such indicators as the company’s economic growth, currency exchange rate, the current and possible future financial situation globally, and in a