Reference no: EM133409268

Assignment:

Feasibility Study Assignment

Selling product:

Gift/Packages/Boxes

Your feasibility study could cover these 3 areas:

· Market analysis

· Financial viability

· Operational issues

Carry out market research and analysis:

· What is the size of your market?

· What is the demand for your product or service?

· What type of customers would be willing to pay for this product or service and where will you find them?

· How much will your customers be willing to pay?

· Is your industry sector in a growth or decline period?

· Who are your competitors?

Assess your financial viability:

· What are your profit projections?

· How much money will you need for start-up costs? Will you need to borrow money (and how's your credit rating)?

· How much will you need for working capital?

· What are your sales forecasts yr 1 x 12 months?; Yr 2 x 12 months?, reasons for changes?

· Will you need a lawyer or an accountant? What are the costs for these services?

Investigate operational issues:

· Who will be your suppliers? Where are they located?

· Will your business be bricks and mortar, online only or both?

· Will your space need repairs?

· What type of equipment will you need?

· What type of skills will your staff require and are there people with these skills in your region?

· Will you require any licences or permits?