ag business advisory feasibility study

A feasibility study is a comprehensive analysis of the viability of a proposed project, expansion or business idea. The study aims to determine feasibility, economic viability, and long term sustainability. 

1) Identify the problem or opportunity. Defining the scope of the project, the target market and the expected outcomes.

2) Market analysis. Determining, researching and analyzing the target market to determine the demand for the proposed product or service. This includes assessing the size of the market, the needs and preferences of target audience, and the competition. 

3) Technical feasibility. Can the project or business idea be implemented using the available technology, resources, and expertise? The evaluation includes assessing the availability and suitability of the technology, the skills and experience of the team, and the resources required to implement the project. 

4) Financial viability. Establish full cost of implementing the project or business idea. Forecast potential revenue and profitability of the venture with consideration to ROI and assessing the funding requirements. 

5) Organizational and legal feasibility. We dive into the regulatory environment, identify legal requirements and assess organizational capacity to implement the project. 

6) Environmental impact. Assessment of environmental risks and opportunities, identifying the mitigation measures, and determining the potential social and economic impact. 

7) Recommendation. A summary of findings and recommendation whether to proceed with the project. The recommendation also outlines the risks and opportunities associated with the venture and provides recommendations for mitigating the risks and maximizing the opportunities.