Running a financial feasibility study is extremely beneficial when it comes to putting your idea into action. It involves setting financial goals for your company, a method that helps you understand how your company works. A financial feasibility study exposes your personal business idea to a wider audience. This group includes potential investors and collaborators. The study details how much money is needed to fund your project, where it is coming from, and how it will be spent. This analysis of potential cash flow can reveal hidden flaws in your business plan and help you overcome them.