How Feasibility Report Can Help an Entrepreneur

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How Feasibility Report Can Help an Entrepreneur
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• A 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. (BBGV322021)
• The keys to a successful feasibility analysis
  include
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• a)       The study must be based on reality not
  pure speculation or abstract theory. This usually
  requires primary and secondary market research,
  to understand whether or not customers will buy,
  or if investors will invest.
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• b)      The project, venture, or approach must be
  sufficiently well defined that specific
  hypotheses can be tested. Without detailed
  product or service characteristics, nothing can
  really be determined to any degree of confidence.
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• FAQs in Feasibility Study.
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• Here are a few examples of the types of questions
  Entrepreneurs should ask
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• a) Has anyone attempted anything like this
  before?
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• If so, what problems did they encounter? Did they
  ultimately succeed? If so, what kind of positive
  return on
• the investment did they realize?
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• b) What are the deciding factors?
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• What are the factors that will enter into the
  final decision as to whether the project, venture
  or approach is feasible and should move forward?
  Typical factors involve financing, staff
  resources, material resources, market demand, the
  competitive landscape, time and space
  constraints, etc.
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• c) Are there benchmarks or hurdles that need to
  be surpassed?
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• What business requirements are absolutely
  necessary for a successful solution? Are there
  unavoidable market risks or environmental risks?
  How can they be best mitigated?
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• d) What data is available internally and
  externally?
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• What is the quality and reliability of this data
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• e) Why Conduct a Feasibility Study?
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• Feasibility Study graphic Works on Paper, But Not
  in Reality The most common reason would be to
  limit ones losses. For example, suppose a
  company is considering developing and launching
  an expensive new product. The research and
  development expenditures could easily cost
  millions of dollars, and the launch would cost
  even more.
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• f) Do you need help?
• Do you also want to make your business successful
  by having a strong Feasibility Report? Do you
  need our help? You too can take a step forward.
  Contact us for more information.
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• Contact Us
• Ph 91 92220 86563
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