What it is
A feasibility study is an analysis that identifies potential positive and negative results of a project within a certain market depending on its activity. It is used to determine the success of each project before implementation to avoid economic, technological, and legal risks.
A feasibility study examines the practicality of a project or a new business. It aims to highlight potential problems and determine whether the project should be pursued taking into consideration all significant factors.
How it affects your business
Every business, no matter in which industry it operates, should have proper assessment of its technical feasibility, economical viability and financial soundness and profitability before its launch.
Our XB4 team has extensive experience in working for varied types and categories of business units covering almost all industries. The resulting information base gives us the unique advantage to bring out proper feasibility study reports on any business.
At XB4, we prepare business plans and market studies for existing and newly formed businesses, as well as for those in the promotional stage. We start off by spanning the gestation period to correctly understand and execute the business operations.
Business plans outline the course of the business during the envisaged period, allowing management to determine and arrange all of the necessary details to steer the business in the desired direction.