Business Feasibility Studies
Conduct a feasibility study to find out if that business concept makes sense
Determine the likelihood of success before committing time and money. Make an informed decision about what to do next.
We’ll conduct a comprehensive feasibility study that includes all facets that play a key role in its viability.
You’ll get an unbiased, professional opinion on the viability of the business concept, product, or service. If it has merit, we’ll tell you. If it does not, we’ll tell you as well.
The feasibility study highlights the strengths and weaknesses. You’ll get recommendations about what needs to be improved to increase the likelihood of success.
Informed Go/No-Go decision
Based on the results of the analysis you can make an informed go/no-go decision about what to do next.
- Move to the next phase – This could include formal business planning or continuing with product development.
- Improve the viability – If the business concept is salvageable, the feasibility report will include recommendations about what to fix.
- Abandon the project – If the venture does not make any business sense, it’s probably best to walk away.
When To Conduct a Feasibility Study
- New business – What are the strengths and weaknesses of the new business? Does it make economic sense?
- New product or service – Is there sufficient demand? Can it be sold at a profit?
- New market – Is the market big enough? How about competition?
- Large investment – Is this investment going to show an ROI? What are the funding sources?
- Merger or acquisition – Does it make business sense? Are economies of scale really achievable?
What Does a Feasibility Study Include?
A feasibility study covers all those aspects of the new venture or business idea necessary to make an informed go/no-go decision about whether and how to move forward.
Feasibility Study Topics
A typical feasibility study covers topics such as:
- Business goals
- Products and services
- Market demand
- Sales and Marketing
- Revenue forecasts
- Break-Even analysis
Thinking about launching a new business? Conduct a business feasibility study to see if it makes sense
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