Business Feasibility
In our experience we have found that individuals looking to start a new business often find themselves missing critical information needed to bring new products and services to market. It is estimated that only one in 50 business ideas are actually commercially viable, so conducting a business feasibility study is a great way to save valuable time and money.
A business feasibility study is usually conducted prior to the commitment to a formal business plan and is the foundation on which successful businesses and business plans are built. A professional business feasibility study by The Entrepreneur Café, LLC is based on providing you with timely and accurate data necessary for making informed business decisions and includes:
- ½ hour strategy briefing prior to start of the project and a three month follow-up meeting to assure your project remains on track.
- Market Viability: Analysis of the company’s product mix and potential plans for product upgrades or expansion.
- Market Segmentation: A detailed look at potential target markets, customer benefits, demographic and psychographic information.
- Competitive Comparison: Provides insight on direct and indirect competitors, barriers to entry and competition strategy.
- Business Model: Proposed ways for the business to generate and sustain revenue.
- Regulations: Outline of economic and non-economic forces that could impact your business.
- Concludes with next step recommendations to support your current and future business decisions.
- Access to daily business tip updates.
