Feasibility Studies

WHAT IS A Feasibility Study?

\"\" A Feasibility Study is an analysis of the viability of a business idea. The feasibility study focuses on helping answer the essential question of should we proceed with the proposed project idea? All activities of the study are directed toward helping answer this question.

Feasibility Studies can be used in many ways but primarily focus on proposed business ventures. We assist our clients who have a business idea by conducting a feasibility study to determine the viability of their business idea to establish if it is commercially viable. Determining prior to the starting of a business that the idea will work or will not work saves time, money and return on investment.

A feasible business venture is one where the business will generate adequate cash‐flow and profit, ensuring that it will be able to offer return on investment in line with the outline of the business plan. It will ensure that the strategic plan remains viable in the long‐term and meets the goals of the founders. This is true whether the venture be a new start‐up business, the purchase of an existing business, an expansion of current business operations or a new enterprise for an existing business.

Conducting a feasibility study is essential to investigate if an idea is commercially viable, the results will show that a new business venture was not entered into without first thoroughly examining all of the risk and success factors.

Benfits of Conducting a feasibility study
  • Gives focus to the project and outlines alternatives.
  • Investigates new opportunities through the feasibility process..
  • Identifies any reasons not to proceed.
  • Enhances the probability of success by addressing any negative indicators which could affect the project's success.
  • Provides quality informed information to allow correct decision making.
  • Helps to increase the return of investment for the company.
  • Provides documentation outlining how the business was assessed for commercial viability
  • Instrumental in securing funding from lending institutions and other sources if required.