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Feasibility Studies

“Concise Reports for Decision Makers”

A feasibility study is an analysis and evaluation of a proposed business plan and business projects to determine its viability and/or action plan. In this a feasibility study should clarify at least the following aspects;
• technically feasible,
• implementation method (project management),
• able to realize within the given resources and budgets,
• adequate  forcasted cash-flow and profits,
• meet the long-term business goals.

Feasibility studies are almost always conducted where it will be new plans, new business or new projects when there is an absence of references and experience and large risks and sums are at stak, such as
• new activities for an existing business; new products, new markets, new target groups,
• start-up business,
• buying an existing business (mergers and acquisitions),
• an expansion of current business operations,
• construction projects,
• capex financial investments (assets) projects,
• initiate an action plan or strategy approach,
• or to obtain an independent second opinion.

Reasons to Do Research and a Feasibility Study

Conducting a feasibility study as mainly desk research and if required some fieldwork is an excellent business method. Analyzing effective businesses, will certainly made you discover that they did not enter into a brand-new business endeavor without initial extensively examining all the issues, evaluating the possibility of business success and pinpoint potential pitfalls.

Below are various reasons to carry out feasibility studies
only a small investment which is always valuable
• creates accessible and unambiguous information (that will also unite stakeholders)
• provides emphasis to the project and also outlines alternative options
• project management preparation as defining scope and project planning and design
• appoint critical Go/No Go decisions as well as point of no return and limits business decisions
• determines new possibilities through the investigative procedures
• determines factors not to continue
• improves the probability of success by addressing as well as mitigating risk elements
• offers high quality information and details for decision making
• gives documentation that business venture is and was extensively examined
• aids in securing funding from loan providers and various other financial sources
• assists to attract equity financial investmentors

The feasibility study is a crucial step in business assessment procedures. If appropriately carried out, it may be the most effective investment of an business endeavor you ever could made. Sayings as “look before you leap” and “well begun is half done”, feasibility studies justify investments and are essential in desicion making!

Prior to a business plan or if there is a further elaboration required of a particular section of the business plan (such as for example: design and construction phase), we do research and prepare a report with issues such as;
• market
• environmental (stakeholders)
• organizational
• technical
• scheduling
• legal and
• financial
and their
substantiated options,
the proposed approach and
decisions still to be made.

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