How Feasibility Report Can Help an Entrepreneur - PowerPoint PPT Presentation

About This Presentation
Title:

How Feasibility Report Can Help an Entrepreneur

Description:

How Feasibility Report Can Help an Entrepreneur 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 don’t. (BBGV322021) – PowerPoint PPT presentation

Number of Views:50
Slides: 5
Provided by: mba2021
Category: Other

less

Transcript and Presenter's Notes

Title: How Feasibility Report Can Help an Entrepreneur


1
How Feasibility Report Can Help an Entrepreneur
2
  • 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
  •  
  • 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.
  •  
  • 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.
  •  
  • FAQs in Feasibility Study.
  •  
  • Here are a few examples of the types of questions
    Entrepreneurs should ask
  •  

3
  • a) Has anyone attempted anything like this
    before?
  •  
  • If so, what problems did they encounter? Did they
    ultimately succeed? If so, what kind of positive
    return on
  • the investment did they realize?
  •  
  • b) What are the deciding factors?
  •  
  • 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.
  •  
  • c) Are there benchmarks or hurdles that need to
    be surpassed?
  •  
  • What business requirements are absolutely
    necessary for a successful solution? Are there
    unavoidable market risks or environmental risks?
    How can they be best mitigated?
  •  

4
  • d) What data is available internally and
    externally?
  •  
  • What is the quality and reliability of this data
  •  
  • e) Why Conduct a Feasibility Study?
  •  
  • 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.
  •  
  • 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.
  •  
  • Contact Us
  • Ph 91 92220 86563
  •  
Write a Comment
User Comments (0)
About PowerShow.com