Business Feasibility Study Checklist
Feasibility studies can be practiced in many ways but principally focus on recommended business ventures. Farmers and different with a business idea should attend a feasibility study to discover the viability of their idea earlier proceeding with the development of the business.
Business feasibility
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Introduction
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Objective of feasibility study
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History (if you are purchasing an ongoing concern)
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Overview of the industry
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Marketing
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Objective and supporting strategies
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Price determination
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Promotion
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Product description
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Identify target market, who where and how many
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Place: location, size, traffic counts, channel
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Accounting
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Start-up or turnkey cost (.itemized)
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Equity, or unencumbered cash
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Collateral
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Credit references
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Loans: amounts, types, and conditions
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Proforma income statement
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Proforma balance sheet
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Ratio analysis
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Provision for taxation
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Projected cash flow
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Working capital
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Break-even analysis
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Management
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Personal expertise
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Organizational structure
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Personnel management
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Policies (general and departmental)
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Inventory control
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Legal aspects
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Contracts, licences and other legal documents
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Business structure
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Insurance: types and costs
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Provision for business termination
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Type: sole proprietorship, partnership, corporation Conditions and terms
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Appendix
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Working papers
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Diagrams
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Layouts
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Resumes
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Charts
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Graphs
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