Feasibility Studies
The feasibility study is a scientific method to estimate the probabilities of success of an investment idea before making any investment contribution. It is the tool that will support the startup business or the entrepreneurs to prevent risks and challenges and help achieve the desired objectives.
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The study covers the market, technical, and financial aspects and addresses important factors such as:
1- Expected demand and factors affecting it.
2- Current and future competition.
3- Pricing of the service or product.
4- Proposals to increase demand if possible.
5- Needed employees, titles, and salaries.
6- Special technical factors in terms of design, and maintenance, and fixed assets costs.
7- Other development costs.
8- Licenses obligatory to start work and the costs of renewing them.
9- Steps required to start work.
10- Cost structure.
11- Required capital.
12- Marketing plan in terms of required activities and costs.
13- Financial projections in terms of income, expenditures, and cash flows.