A feasibility study is designed to provide an
overview of the primary issues related to a business idea.
The purpose is to identify any major issues that would prevent
the proposed business from being successful in the marketplace.
In other words, a feasibility study determines whether the
business idea makes sense. A thorough feasibility study provides
a lot of information necessary for the business plan. Putting
together a business plan is a significant investment of time
and money. It is therefore important to ensure that there
are no major concerns with the business idea before investing
in a detailed business plan. Identifying potential issues
is therefore the primary purpose of a feasibility study.
A feasibility study looks at key areas including:
market issues, organizational/technical issues and financial
issues. Again, this is meant to be an initial look at these
issues. Generally, a feasibility study should not provide
in-depth long-term financial projections, but it should provide
a basic break-even analysis to see how much revenue would
be necessary to meet forecast operating expenses.
Feasibility studies we have recently
completed include:
Airline charter-service between China (PRC) and Australia/New
Zealand
Café
& bar franchise chain
IT business
Online casino
and e-gambling business
Private
language & vocational school (TAFE)
Seafood
processing/exporter
VoiP (voice
over internet protocol) business
Contact us for a confidential, no-obligation consultation.
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