Feasibility study Package
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 don’t.
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
• Apartment complexes
• Schools and other education projects
• Community development and tourism projectsWe 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 AnalysisThe 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 IncomeOrder Now!