Fruition Business Development’s feasibility study will analyse your business idea, market and competitive advantage as well as the potential financial feasibility of the business.
A preliminary feasibility study allows you to assess if a project idea is really viable before it has even reached the drawing board. During the early stages of a project, the feasibility study also serves to test the project vision.
Understanding the risks and the market potential is the key to start up success from day one.
The first stage of the feasibility study will look objectively at the idea and determine its viability. This objective analysis would include:
- assessing the market size;
- assessing the competitive advantage of your idea;
- obtaining independent endorsement of the idea;
- assessing capital requirements;
- considering your management ability; and
- finding out if anyone else has tried your business idea, and if they failed - why?
Fruition Business Development combines desk and primary research to provide quick, accurate and insightful answers for a range of business related questions enabling you to make informed decisions.
It's important to look critically and impartially at your business idea when determining whether or not it's worth investing your time and money. It can be difficult to remain impartial about an idea you're passionate about, Fruition Business Development provides a qualified, impartial and objective perspective.
While there are no guarantees that your business will succeed, Fruition Business Development’s feasibility study will help you determine whether your idea can make a profit before you make a commitment of any type to your idea, financial or otherwise.
It's important to remember that what is considered feasible may differ greatly from person to person depending on the return on investment they want and the risk they're willing to take.
If you have a business idea and want to ensure it’s worth the risk before starting, contact us for a free initial consultation.