If you’re still in the early stages of thinking about launching a B2B business, it may be too early to start developing a full business plan. It might make sense to do a Feasibility Study first.
A Feasibility Study provides a high-level analysis of your small business concept. The goal is to determine if your idea for starting or expanding a B2B firm is viable and worthwhile further pursuing.
The outcome of the Feasibility Study will tell you whether your concept has merit. If it does, you can then start putting in the effort of developing a complete business plan.
The valuable insight from the feasibility study helps you to determine which aspects of your B2B business model need fine-tuning. However, the results of the feasibility study could also indicate that your idea is not very promising and that you should rethink your ideas, or perhaps even abandon them.
If the initial business concept stands a poor chance of being successful and cannot be salvaged by changing your concept, the feasibility study will save you the time, money, effort, and aggravation of developing a business plan.
We help you evaluate your initial small business idea by assessing market demand, competition, business operations, and the capital required. With the feasibility completed, and assuming that your concept has merit, we can support you with the development of a sound business plan.