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Feasibility Study

Our feasibility study will provide you with analysis on the viability of an idea. The study will focus on helping to answer the essential question of “should we proceed with the proposed project idea?” All activities of the study are directed towards helping to answer this question.

Reasons to Do a Feasibility Study:
Conducting a feasibility study is good business practice. Successful businesses do not go into a new business venture without first thoroughly examining all of the issues and assessing the probability of success.

Other reasons to conduct a feasibility study:

- Give focus to the project and outline alternatives 
- Narrow business alternatives
- Identify new opportunities through the investigative process 
- Identify reasons not to proceed 
- Enhance the probability of success by addressing and mitigating factors early on that could affect the project
- Provide quality information for decision making
- Provide documentation that the business venture was thoroughly investigated 
- Help in securing funding from lending institutions and other monetary source.
- Help to attract equity investment.

  • The feasibility study is a critical step in the business assessment process. If properly conducted, it may be the best investment you ever made. The study outlines and analyses several alternatives or methods of achieving success. It will help to narrow the scope of the project to identify the best business scenario(s) and identify and define two or three alternatives. We also work with the organisation to identify the “best” alternative for their situation. 

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