META AI
Introduction
Feasibility report is a topic I have always wanted to discuss with you guys as students and professors in finance, investors and whatever links you have to seeking financial knowledge. This topic is key to investors and business owners at large as well as the household, I do hope you stick till the end.
Definition/nature
Feasibility report as the name implies is the likelihood of success of a venture, it is the probability of occurrence of a desired outcome. Feasibility report in a business sense, is simply Understanding the market, while measuring metrics of success and simulteanously comparing it to a business plan in other to ascertain the profitability and continuity of a business.
Importance
Feasibility report is the true indicator for an investment performance forecast, as it contains the harmonization of various indicators.
Feasibility report helps factor in risk management and contingency plans against certain perceived outcomes.
Feasibility report helps prevent bad investment decisions
Feasibility report, although time consuming helps identify market trends and aids future decisions.
META AI
Duly note that feasibility report can be done on any aspect in life, and is the preliminary move to Understanding systems and values see more; Understanding wealth [Concept of value].
How to perform a feasibility study
- Clearly Understand the business plan in question
- Clearly define your objective market, industry or system
- Clearly state the metrics of success of Businesses in that industry and take into consideration speculative ideas after proper research.
- Clearly compare this metrics with the business plan, finding similarities.
- Clearly state your findings in a chronological and orderly manner.
These are general steps with little nitty gritty details, but following these will surely lead to a good report.
Conclusion
A feasibility report is similar to a research question, and it is time consuming if not properly planned out, but its value can't be overlooked, I urge you to perform one for each investment you plan to undertake. Thanks for stopping by, love to see you in my blog again.