Question: Someone once said, failure to plan is a plan to fail. How might this apply to running a business? What is a feasibility study relative

Someone once said, "failure to plan is a plan to fail". How might this apply to running a business?
What is a feasibility study relative to a business plan?
Describe the meaning of a "breakeven analysis" in relation to a business start-up initiative.
Support your responses through examples.

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