Feasibility Study

Entrepreneurship Process
Identify and Opportunity right time , first
mover, sense opportunity
Establish Vision dream for the future
Persuade others form the foundation team,
business plan
Gather Resources Financial, operating,
Human, Information and intangibles (image
procedures, transport, management).
Create new venture product or market
Change adapt with time

Feasibility Study
Is the evaluation of the proposal designed
to determine the difficulty in carrying out a
designated task.
Is the evaluation or analysis of the
potential impact of a proposed project.
Will the idea work and should you proceed
with it ?

Feasibility Study
Before writing business plan need to
identify how ,where and to whom you intend to
sell a service or product
assess competition
figure out how much money is needed to start a
business and keep it running until established
Determine if and how it can succeed and serves
to develop a business plan

Feasibility Study
Is conducted during the deliberation phase of the project
development cycle prior to obtaining project financing
business process
It is an analytical tool that includes several scenarios for
the decision maker of the group to utilise in determining
if they should continue the project
If the would be entrepreneur decides to proceed further
then he /she makes a business plan
Normally done independently by people outside the
project group
Feasibility study is only at the developmental stage of
the project

Feasibility Study Why Important

Lists requirement of essentials to do to
make business work
Identify logistical and other business
related problems and solutions
Develop marketing strategies to convince
bankers and investors to ensure their
consideration
Serves a foundation for business plan

Feasibility Analysis
Done to check the feasibility of the project
itself in the particular environment on great
detail. More descriptive than
environmental appraisal.
Market Analysis estimate demand of
proposed product/service and target
market share.
Technical/Operational Analysis
operational ability of the project and cost
and availability of the technology-material
and plant parameters.

Feasibility Study
Contains comprehensive ,detailed information
about your business structure,
your products and services,
the market,
logistics of how you would deliver a product or
service,
resources needed to make the business run
efficiently as well as
other information about the business

Business plan
Sets out objectives, estimates and financial
forecasts
Helps establish where you are, where you are
going and how you intend to get there.
Demonstrates determination to start a
successful business
Only half the new businesses survive more than
five years the better the planning is, the more
likely you are to succeed.
Should be updated on an annual basis at leastongoing process monitor and update.

Business plan
Basic structure should follow a format
to facilitate an efficient way of meeting
evidence requirements like National
Vocational Qualification (NVQ) Level 3
Business Planning Qualification.

Business Plan
Is a roadmap for starting and running a business.
Is a blue print of the step by step procedure to be
followed to convert a business idea into a
successful business venture.
Identifies an innovative idea, researches the
external environment for SWOT, assess the
feasibility of the idea and then allocates resources
in the best possible manner to make the plan
successful.

Business Plan
Efficient method of focusing ideas in
terms of defining objectives and assessing
abilities to organise and run the business.
Establishes parameters and specific
targets which provide a yardstick to
measure progress and profitability
Prerequisite to both planning and starting
as well as running a business
Good business plan necessary for raising
finance.