Professional Feasibility Study Services Details
In terms of a specific venture, a business feasibility study, sometimes also referred to as a pre-feasibility study (PFS), is used prior to developing a business plan. It answers the question “Is this idea worth pursuing further?” In other words, as the name implies, it ensures an idea is feasible.
PFSs are not just used for potential business ventures but, also when considering development projects like launching a new product line or expanding to a new market. It reveals all the potential advantages and pitfalls of an idea, along with associated costs and required resources.
Our consultants work closely with you to fully assess every aspect of your idea resulting in a final Feasibility Study report. As weaknesses and risks are identified, we will provide recommendations to overcome or minimize them, so you can start or launch your business or project with the best chance of success.