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Feasibility Studies

Whether you're just starting out or if you've been in business for years, it's always a good idea to stay up-to-date with your market information.Conducting a feasibility study is a good business practice. If you examine successful businesses, you will find that they did not go into a new business venture without first thoroughly examining all of the issues and assessing the probability of business success. KMV’s Business Plan Advisory team provides a broad array of services to a wide range of industries.
 
Below are few other reasons to conduct a feasibility study:
 
  • Gives focus to the project and outline alternatives
  • Narrows business alternatives
  • Surfaces new opportunities through the investiga- tive process
  • Identifies reasons not to proceed
  • Enhances the probability of success by addressing and mitigating factors early on that could affect the project
  • Provides quality information for decision making
  • Helps to increase investment in the company
  • Provides documentation that the business venture was thoroughly investigated
  • Helps in securing funding from lending institutions and other sources
 
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 feasibility study outlines and analyzes several alternatives or methods of achieving business success. So the feasibility study helps to narrow the scope of the project to identify the best business model