Feasibility Studies allows us to analysis all the project related factor and manage them into account. It includes technical, scheduling considerations, economic, legal applications that confirm the possibility of completing the project. These studies determine the soul of concepts like technically feasible, economically justifiable, and legal aspects.
When to Consider a Feasibility Study?
When a person has a concept or location to start a business venture but needs more exploration. It involves businesses to have a sound decision when they are unable to do so. Other elements like weighing for an alternative idea for any project or expanding businesses are also included.
Feasibility Study Components
Major components of feasibility studies include targeting market demands, industry overviews, and competitor assessments in both ways direct & indirect. And some financial analysis such as revenue, start-up costs, incomes projections, product/service demand, risks of ideas, government regulations, and sources of financing involves as well.
Feasibility Study Deliverables
The objectives assessment of business idea which is based on experts experiences, professional feasibility report along with key findings. Delivers go or no go recommendation, conclusions, hundreds of success stories. Usage of feasibility study reports acquires all sorts of financing from investors to lenders required for projects.
Operational Feasibility involves the study that determines and measures the needs of an organization to meet targets. Solves problems related to the proposed system identifies opportunities during scope definition and takes advantage of different opportunities. Also, satisfy and identify the requirements present in the analysis phase of development.
Business Plans are constitutionally critical documents for new companies. In some scenarios, its effective business plans and solutions are the best key to success. It helps in securing finance, evaluating opportunities, and provides priorities towards your efforts. Initially, it works on preparing business plans that can save the budget and time in the long-term run.
Reasons for a Business Plan.
These plans help to create new businesses, grow an existing business, set specific objectives with displacements. Share and explain business objectives with employees, management team, and new hires. Investigate suitable investment for the business, back up a loan application, develop new business alliances, and decide the needs of business assets.
Our Business Plans Contents :
It includes an executive summary company description that contains brief information about leadership, product/service, and mission statements. Some market analysis to understand the role of competitors, organization, or management such as partnership or corporation. Other elements like service/product line, marketing & sales, finding request.
Business Valuation is a process that deals with the economic values of entire businesses, organizations, or company units. This valuation is used for calculating the accurate value of the company for many reasons such as establishing partners, taxation, sale value, includes ownership or divorce proceeding as well.
What is Business Valuation
Business valuation is a process and a set of procedures used to estimate the economic value of a business. Valuation is used to determine the price people are willing to pay or receive to affect the sale of a business.
Business Valuation Purposes
Getting business loans, attracting investors, valuing your net worth, Business acquisitions, mergers or joint venture arrangements, Sale of businesses or planning a future business sale
We can use different Methods Depending on your specific situation. Such as Market Value Valuation Method, Asset-Based Valuation Method, ROI-Based Valuation Method, discounted cash flow (DCF) valuation method and capitalization of earning valuation methods
Risk assessment defines the process that deals with overall methods identify risk, hazard factors. It serves the purpose of reducing, improving safety, the performance of businesses, and achievements. However, these risks and hazard identification is harmful, it evaluates while analyzing the risk related to hazard.
Why Assessing Business Risks
Business risks come in all shapes and sizes. This means that effective risk assessment must be adaptable to or uniquely designed for specific dangers. From financial risks, such as investments, to new market competitors, unwelcome threats permeate the business world and can pop up at any time.
Types of Business Risks
Two broad forms of risk that primarily affect a business are External Risks and Internal Risks. External risks include government regulation, economic trends, and competition in the market and consumer taste changes. Internal risks include employee performance, thefts, product recalls, financial risks, etc
The Most Common Business Risk Categories
The three most common business risks are strategic, compliance, and financial. Strategic deals with decisions concerning your business objectives, compliance needs to comply with laws, regulations, standards, and codes of practice. And financial look after financial transactions, systems, and structure of your business
Value Proposition Development
Value Proposition development deals with fair results that are essential and provides advantages to the customer. It serves a proper guide to make business decisions like who are your potential customers, what type of service is good to focus, and what important factors your marketing information should have.
What is Value Proposition
The value proposition describes how your product or service solves/improves problems, what benefits customers can expect, and why customers should buy from you over your competitors. It also helps customers to understand the value of the company, product, or services, and improve customer engagements.
Things to consider before you start creating your value proposition
Make sure to target the audience, explain the services, and appeal to them. Clear all doubts about who is serving them, the values, their pinpoint needs, and the challenges they experience during working with businesses. Motivate them, differentiate yourself from competitors by unfolding differences.
Benefits of a Compelling Value Proposition
Potential customers can quickly understand what your company has to offer, creates a strong differential between you and your competitors. They also attract the right prospects, increase not only the quantity but the quality of prospective leads, improve customer engagements, and convey a clear message.
An Effective Value Proposition
Summarizes what your company does in one sentence, specifically about the benefits of your customer’s experience, showcase how you solve a specific problem, or address a specific need. Explain why should a customer choose you instead of your competitors and include hyperbolic claims.
Our Value Proposition Development Contents
Competitor proposition research, defining your unique benefits, gathering customer insight that enables us to convey benefits that customer’s value. Developing Key messaging that differentiates that value of your offering and creating boost offers that have extra discount as compare to your competitors.
Business Forecasting Solutions
Business Forecasting Solutions combines influential literature and field’s important together to establish a comprehensive source for process improvements and forecast modeling. This proactive pack of the idea includes benchmarking, overcoming dysfunctional behaviors, accuracy metrics, modeling problem data, forecasting researchers, and practitioners.
What is Business Forecasting
Business Forecasting is an estimate or prediction of future developments in business such as sales, expenditures, and profits. Forecasting has become an invaluable tool for businesspeople to anticipate economic trends and prepare themselves either to benefit from or to counteract them.
Basic Techniques and Methods of Business Forecasting
Various techniques of forecasting are used in the field of business because the future of any business can never be predicted with certainty. Similarity Events Method, The jury of Executive Option and Survey Method
Scenario Planning identifies a specific attitude of numerous “realities” and uncertainties that might occur in the future of the business. It makes assumptions for the future business environments which are indefinite. However, creating this set of assumptions provides a guideline to the organization in the long-term, decrease risks, get new opportunities, and close the door to raise the cost.
what is Scenario Planning?
Scenario planning is a planning tool used to make flexible long-term plans to deal with major, uncertain shifts in the organization’s environment.
Benefits of Scenario Planning
There is no doubt that companies can gain benefit from scenario planning, and here are several strengths of scenario planning. System Thinking, Optimal Allocation of Resources, and Risk Reduction are included.
The Outcomes of Scenario Planning
Our foundational outcomes will help your organization to support your vision of success are building an articulated plan, focusing on strategic differentiation, aligning your organization, and enabling agility & organizational transformation
Market Entry Strategy
Market Entry Strategy allows the organization to enter a new marketplace and offers many options that are developed for a variety of business scenarios. Considering the fact of expansion whether it is expanding internationally or domestically in the same market, the requirements may differ.
What is Market Entry Strategy ?
A market entry strategy is a method in which an organization enters a new market. The first point of consideration is whether or not the organization is expanding domestically or internationally.
What to Consider for Market Entry ?
Type of industry, the agility of the products, the culture of the new market, and costs associated with entering a new market and local & international laws of exploration are considered for market entry.
Types of Market Entry Strategies
Types of market entry strategies are direct Exporting, licensing, franchising, and buying a Company. Further, it has joint ventures, buying a company, turkey projects, and Greenfield investment.
Our Market Entry Services Include :
Services include Market Intelligence, Site Selection, Market Entry Strategy, Company Formation, Business Development and Marketing & Promotion.