The first step after any business idea is not a business plan, the first step to starting up your business is to do a feasibility studies. Feasibility study is also another way of finding out if that proposed idea, project, business or program is workable. Notice that not every idea/business/project/program is workable at any particular time or location. Hence, in order not to rush into development of a business or ‘chasing shadows’, the feasibility studies will be conducted.

Feasibility studies will not stop you from following up with that idea/project or business but it will make you prepared and evaluate your ability to meet up with the demand of that business. A business can work well in Kano State but be a failure in Enugu; A project may work well in Ghana and fail without apology in Nigeria; A Business may thrive in Maitama, Abuja but fail in Nyanya, Abuja. So your business plan is like your map which shows you which path to follow to arrive at your goal.

From your feasibility studies, you will be able to ascertain and therefore plan to;
• Select the best location to site the business or project.
• Select the best strategies to start your business considering the evidence.
• Determine the price to charge based on the environment.
• Determine the Strength Weakness Opportunities and Threat (SWOT)
• Plan for Eventualities that may take place in the business
• Determine market strategies
• Determine if the business will be a Fast Moving or Slow Moving business
• Proceed to the next stage which will be ‘Writing a Business Plan’

You need a feasibility studies for the following themes;
• To Start any Small, Medium and Large Scale Business.
• To start a Project on an individual or partnership level.
• To Start a Program; social, religious or political
• To Launch an Idea or write a book.

What we do at Brics International RS (formerly Sky Research Consult) is to do a feasibility report on your business and deliver it to you in PDF or DOC format. This scheme is to support startup business and projects in Africa.

Want to request a feasibility report for your business for FREE?
Place your order via Whatsapp: +2347068180074 or BBM: 22A8CB74.

How long does it take to receive the report?
We usually handle large number of clients; however, we will process your feasibility report within 1-2 weeks of your request.

What do we do at BRICS?
We are a market research firm, registered by the Nigerian Corporate Affairs Commission (CAC) to conduct market research and marketing, project marketing services and general human resource management relating to business in Nigeria. Our goal is ‘to be the largest research solutions provider in Africa’.

Our Adverts are here;
For any of the following services;
• Business Plan writing
• Research Project Writing (MSC/BSC)
• Market Research/Surveys
• Web and Print Content Writing.
Place your order via: Whatsapp: +2347068180074 or BBM: 22A8CB74.

Free report: https://www.practicalbusinessideas.com/feasibility-report-sample-for-small-business/

You could write your own feasibility study for your business....