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Feasibility Studies

A business feasibility study is just what it sounds like: a systematic study to understand whether or not a specific project, venture, or approach is feasible. The ultimate outcome of any feasibility report is a go / no go decision. You either move forward or you dont.

Device

Market Feasibility Study Types

 Different feasibility study companies have different strengths. At Ground Floor Partners our expertise is market feasibility, not engineering feasibility. We research and analyze market factors such as demographics, demand, market capacity, competition, regulation, cultural issues, etc. Here are some examples of the types of feasibility studies we do:

New products and services

New business methods or approaches

New ventures

New technologies

Restaurants

Hotels

Apartment complexes

Schools and other education projects

Community development and tourism projects

We have alliance partners in construction, architecture, strategic planning, marketing, technology and other areas whom we can bring on to complete any size project.

Importance of Company Profile

 There are usually three components to the feasibility study, however, depending on your business; the technical analysis may not be required.

Market Analysis

Technical Analysis

Financial Analysis

The market analysis should be conducted first because it is critical to the success of the business to understand the environment in which you will compete. There must be adequate demand for your product or service. If not, your business idea may not be feasible and there is no need to go any further. Market analysis results in compiling information about the market potential. Its basic components include:

Estimate of market size

Projected market share

Analysis of the competition.

In addition to the market analysis, the financial assessment is a critical component of the feasibility study. Without the financials it will be impossible to determine how feasible the business idea is. Included in the financial assessment is revenue and income projections for the first year along with start-up costs to determine how much funding your business will need. Key components of the financial assessment include:

Capital Requirements

Start-up Costs

Revenue Projections

Gross Profit Margins (GPM)

Net Income

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