Feasibility studies contain standard components. The exact
appearance of each study varies. This depends on the industry studied,
the critical factors for that project, the methods chosen to conduct the
study – primary and secondary research, and the budget. Most studies
have multiple potential uses, e.g. validate your assumptions, reassure
investors and lenders that the proposed venture is economically viable,
etc. so they must be designed to serve everyone’s needs.
There are usually three
components to the feasibility study, however, depending on your
business; the technical analysis may not be required.
• Market Analysis
• Technical Analysis
• Financial Analysis