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A feasibility study is created in order to minimize risk and to ascertain the viability of a project. As soon as it is certain that a specific project could be carried out profitably, it is only then, that it could be implemented. It is not merely an investigation but at the same time a plan or a framework on how the operation of a business project shall be accomplished. A feasibility study contains five major components namely: marketing study, technical study, management study, financial study and social desirability. During marketing study, the researcher must determine if there are sufficient demands for the product as well the competitive position of the firm in the industry. Sale projection for the project must also investigate as part of market study. The manufacturing process, plant size, production schedule, machinery, plant location and layout, structure, raw materials, utilities and waste disposal is taken into consideration when it comes to technical study. Management study...

There is nothing quite like owning your own business. It can give you not only a lot of satisfaction and with the proper care and attention grow into one that will take care of your financial needs. When the time comes for growth you might find that you have to seek the help of a set of financial investors. If you have to present your expansion plans to them in order to secure the money you need, you best chances of success are likely to come if show them a well documented feasibility study. What is a Feasibility Study? If you have never worked with a feasibility study then you may not understand what one is let alone how to use it to your advantage. This type of study is undertaken when a business needs to make changes or grow and needs t show its investors that the ideas presented are sound. Considering the current economic climate most businesses are shrinking rather than growing and you will have to work hard to prove that yours can sustain the growth. If you have never written one...