It is estimated that only one in fifty business ideas are actually commercially viable. Therefore, a Business Feasibility Study is an effective way to safeguard against wastage of further investment or resources. A Feasibility Study helps you evaluate if a business should be conducted or not, what will be the drawbacks and the advantages and what will the possible solutions be.
If a project is seen to be feasible from the results of the study, the next logical step is to proceed with the full Business Plan. The research and information uncovered in the Feasibility Study will support the business planning stage and reduce the research time. Hence, the cost of the Business Plan will also be reduced. A thorough viability analysis provides abundance of information that is also necessary for the Business Plan. For example, a good market analysis is necessary in order to determine the business concept’s feasibility. This information provides the basis for the market section of the Business Plan.
Finally, a feasibility study should contain clear supporting evidence for its recommendations. The strength of the recommendations can be weighed against the study ability to demonstrate the continuity that exists between the research analysis and the proposed business model.
Recommendations will be reliant on a mix of numerical data with qualitative, experience-based documentation. A feasibility study is heavily dependent on the market research and analysis. A feasibility study provides the stake holders with varying degrees of evidence that a Business Concept will in fact be viable.
Feasibility studies that recommend against projects often cite a lack of human resources or financial capital. This kind of result gives a project manager the opportunity to reset expectations based on real budgets and headcount. . A quality feasibility study examines the timetable suggested by project sponsors for potential delays or breakdowns. When project managers use a study as the basis for making timeline decisions, they run the least risk.
Company leaders can also discover any potential legal problems involving trademarks, patents, or other intellectual property rights.
Based on the project and the information available with the client, we are providing full integrated study to be used in the following:
- Decision making
- Tools in implementation
- Finance structure
The scope of the feasibility study includes but not limited to:
- Market research
- Market analysis
- Technical study
- Capital investment requirement
- Financial projection
- Sensitivity analysis
- SWOT analysis
We strive to provide consultancy services in Business Planning for long-term growth through proper investment analysis for our clients’ businesses and their business ideas.
Our regular business plans includes the below areas of in depth analysis and substantial reports, for investor to take appropriate decision and follow the road map.
- Business Strategy, modeling and Planning
- Marketing Strategy and Plan
- Operations and Work Flow Planning
- Compliance Resources
- Human Resource Planning and organization structure
- CAPEX Planning and Optimum Utilization of Resources
- Financial Forecasts, Liquidity Management Strategies