An economic feasibility study for a commercial project is one of the three main branches of a feasibility study, which includes a market feasibility study, a technical feasibility study, and a financial and economic feasibility study. In this article, we will learn about the importance of the economic feasibility study, what are its steps, and what is meant by it.
Economic feasibility of a commercial project
Economic feasibility is one of the most important steps of the feasibility study, as it consists of collecting all information and financial data on a proposed project, and then the process of examining and analyzing this data, in order to find out the extent of the project’s success or loss.
Steps for a feasibility study
Determine the idea and the nature of the work on which the proposed commercial project is based, with the need to know the financial capabilities allocated from the capital to establish this project, and after that the financial costs of the project are calculated and this is based on the two previous studies, namely the market feasibility study and the technical feasibility study where the economic study is based on These two studies, as the production capacity of the project is determined in order to determine the expected sales value and pain through the market study, while the technical study is the one that determines all the costs of establishment and operation, and after that the project income list is prepared, which includes all revenues, operating costs, and net profit. Then, after that comes the measurement of the profitability of the project, and the calculation of investment costs by the value of the capital costs summed up by the value of fixed and variable assets.
The economic viability of a commercial project
The feasibility study gives the project owner the necessary experience when implementing the project, and the economic feasibility study is based on analyzing all financial data from all the details of the revenues, cost of sales, and operating expenses in order to determine the profitability of the project and whether the project will achieve its goals or not and based on this study the project owner is taken His decision to implement or cancel it. Therefore, we offer you the best companies specialized in providing a professional feasibility study due to what it contains from an integrated team that has great experience in creating professional feasibility studies, which is the technology company. It also provides you with a discussion service on the project you are thinking of, giving realistic ideas and more successful studies.
Feasibility study for an advertising agency
Feasibility study of an advertising agency. An advertising agency is one of the project ideas that most young people think of and who have skills in advertising methods, as this project is based on providing various marketing services from advertising and it also provides the design of invoices, cards, and websites, and it is specialized in making seals People, companies and other services. Watch here