Feasibility Study & Business Plan Development

Want to start a new business?

Already in business but the vision is blurred?

The market is changing around, and you want a structured way to understand what your clients are up to and what is their perspective of your products and services?

Or you didn’t start your business and don’t have a clear vision of how to operate? The business plan is the solution for you.

Business plans represent the blueprint that defines the major elements of running a business, initiative or a project as it gives answers to questions like:

  • What kind of resources needed?
  • What are the lines of communication and detailed organizational structure?
  • What marketing activities and tactics required to achieve goals?
  • What is the action plan to carry out the strategy and what are the Key Performance Indicators – KPI?
  • What is the overall financial plan & financial assessment for the upgrade plan?

A business plan is usually subcategorized into the marketing plan, the human resources plan, operational plan, and the financial plan.

A Goal without a Plan is Just a Wish!!!

A new business line, or just an idea that needs to have a clear framework, a feasibility study is a major tool that you should start with. A feasibility study gives answers to questions like:

  • Does it worth it to invest my money in that line/ market?
  • What is the risk I’ll be facing and what is the return that I should earn on that risk?
  • How good is the demand? How bad is the competition?
  • What profit margins will I be seeing for the next 5 years in the best approximation?
  • If I invested my money, how much time do I need to breakeven?
  • What is the business net value in the present given all supply and demand factors?
  • What is the major layout of my operations? Where will I be? who will I hire?

A feasibility study gives answers to several questions through smaller studies: the market study, the technical study, and the financial study.

Feasibility studies give answers to questions like:

  • What are the risks? Moreover, what is the expected return?
  • How good is the demand? How bad is the competition?
  • What profit margins to expect for the next five years in the best approximation?
  • After investing money, how much time needed to break even?
  • What is the business net value in the present given all supply and demand factors?
  • What is the primary layout of the new operations? Where to be located? Whom to hire?

Whether the decision is to

expand to new
markets or segments

start a new
venture

initiate a new
product line

the best approach to assess & arrive at the best decision is via feasibility studies.

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