Differences between business plan and feasibility study are:
• The feasibility study helps you decide whether to conduct the project or not. But, business plans define how to conduct the project.
• A feasibility study leads to a conclusion on the project’s viability. A business plan provides a roadmap of how to go about the business.
• A feasibility study precedes any kind of planning for the project. A business plan is made once you conclude that the project is feasible.
• The feasibility study is conducted for the entity and project team. A business plan is presented to the investors for possible investment in the project.