The goal of a feasibility study is to place emphasis on potential problems that could occur if a project is pursued, it addresses how it will become a reality, potential obstacles, competition and the funding needed to get the business up and running.

Prototyping is an appreciated method of visualizing how your product will function and how it will be received by the end-user and business users. It describes the flow and gives an inclusive idea of the design and layout of your desired system.

Generally, an MVP (Minimum Viable Product) is the right choice if you want to check the demand of your product, analyze the behavior and preference of your target audience and want to release the product in a short time with minimal features.