Feasability Study
Are you ready to make your dream come true , and make your own business?
We help you make your own feasability study which makes your project realistic and sucsessful, to make your best financial choices.
The steps for carrying out a feasibility study
1. Business Description
First of all you should refer to important information about your business containing:
The nature of your business as it includes the industry & what will your business do.
Business structure which describes how your business is formed (legal structure).
Mission statement which gives a brief overview of the purpose of the co. & any guiding principles.
2. Making a technical feasibility plan
You should also research the logistical or tactical plan your company will use to carry out the production operations. It contains:
Information on the manufacturing procedures, such as the equipment needed and the use of electricity.
Size, temperature, and other storage requirements.
distribution channels for your goods or services.
If you plan to use it, information about internet distribution.
The tracking processes for distribution.
3.Making a market feasibility study
The market feasibility research, which contains the following, is another significant study you should undertake.
An explanation of the sector.
market analysis as of today.
future market potential expected.
Potential customers and revenue sources.
Sales forecasts.
4.Creating a financial feasibility study
Additionally, you should create a financial feasibility analysis that contains the following:
startup financial needs.
Expenses.
Revenues.
cashflow projection
5. Making an organizational feasibility report
You should prepare an organizational feasibility study in addition to those studies. This tries to specify the corporate organization of the company. It contains:
An explanation of the organizational structure.
The business’s internal and external principles and procedures.
resumes and professional skills.
general principles for managing human resources.
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6. Recommendations
Finally, the conclusions will include summaries of the key points based on the preceding steps. Additionally, it will cover how the company can prosper based on the data you previously gathered.
If you would like further information about a feasibility study or its cost, please click below
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