Are You Making These Mistakes Too While Conducting a Financial Feasibility Study?

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PH. 971 4 4329024 MOB. [phone] EMAIL
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Are You Making These Mistakes Too While
Conducting a Financial Feasibility Study?
2
PH. 971 4 4329024 MOB. [phone] EMAIL
info_at_rightequation.ae
Ok, try to analyse this How do you start a
project? Do you take the plunge as soon as a new
idea of a venture strikes your mind without
taking in any considerations? No, before you
launching a new project, you first determine
whether the new venture or investment you are
planning to start with is viable at all.
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And this is where a financial feasibility study
helps. A thorough analysis is done before the
start of any project to determine if the project
is financially possible for an organisation or
business to develop. However, there are varied
factors to consider when running a financial
feasibility study, which many entrepreneurs or
business owners overlook, ending up with costly
mistakes. Highlighted below are three common
blunders to avoid in order to perform a strategic
yet fruitful analysis.
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1. Skimming over research A specialised market
research serves a fundamental function in running
a feasibility study. With limited or no market
research, you may not move forward with your
feasibility analysis. Not only does a thorough
market research yield realistic assumptions but
it helps reduce risks and identify potential
issues.
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2. No access to expert assistance Many business
owners with a little technical knowledge and
moderate skill perform the analysis or develop a
business plan on their own only to save a few
dollars. Financial feasibility study being a
daunting task, such business owners fall victim
to their own analysis and strategy. Outsourcing
expert assistance when conducting a feasibility
study is highly advisable for businesses and
individuals to come up with rewarding evaluations.
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3. Building unrealistic assumptions Moving on
with too many projections made up in your mind
has its own risks. Rather, successful projects
are the ones built around calculated information
that supports precise revenue projections.
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All you need to know is
A properly conducted financial feasibility study
can go a long way to get you pursuing the right
business opportunity. Not to mention, with a
professional financial service at your
fingertips, youre are sure to make well-educated
business plans and decisions.
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PH. 971 4 4329024 MOB. [phone] EMAIL
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Contact Us
603, Churchill Towers,Business Bay, PO Box
No.34130 Dubai, United Arab Emirates PH
971 4 432 9024 FAX
971 4 432 9042 MOB
971 50 345 2896 EMAIL
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