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Feasibility study for a gold shop in Egypt

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07 Nov 2021

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Feasibility study for a gold shop in Egypt

The feasibility study of a gold store in Egypt, the feasibility study of a gold store in Egypt is very important, as this study works on the success of any project, especially the project was a gold store, where the importance of the feasibility study increases in this type because it is one of the costly projects and its loss is one of the Things that destroy its owner, so we will talk in today’s article about a feasibility study for a place of gold in Egypt or other countries in the Arab world.

 

Feasibility study for a gold shop in Egypt

The feasibility study, in turn, works on raising the awareness of the project owner and arranging the steps that he must follow, in addition to its ability to give reassurance to the project owner, and put all the advantages and risks in front of him, and based on it, the start of the project is determined or not.

As for the implementation of the feasibility study, there are several options that the investor can choose the most appropriate and best option for him, and these options are either:

The investor conducts his own project feasibility study on his own without the help of anyone, and in this option, he must have sufficient information about the feasibility study and how to prepare it.
Using a ready-made feasibility study form and making some modifications, depending on the type of project.
Resorting to one of the specialized companies, which is the choice favored by the majority of investors and entrepreneurs, because it guarantees them a certain success rate according to its long experience in this field.
Let’s stop at these lines for a moment. What do you think that we tell you, dear investor, about the best companies, specialized in the field of feasibility studies, which everyone praised for their professional performance, and it is the (Technical) company that has the most skilled experts and specialists in carrying out all kinds of feasibility studies.

The technology is distinguished by the development of alternative plans and suggestions in case the project is exposed to any unexpected losses, and the company also provides all the administrative and economic consultancy it needs to prove its presence in the labor market.

 

A feasibility study for a gold store

The Mahal Dahab project is one of the projects that require some tools, which represent an important factor in the success of the project. These requirements can be mentioned as follows:

 

First, do a market study:

The multiplicity of the market study step and its requirements and the extent of its demand for the goods sold by the project is one of the primary foundations for conducting a feasibility study, where the project owner must do a thorough study of the market.

Where a market study is conducted by studying the area in which the project is expected to be established, as well as knowing the presence of gold shops in the same area or not, and knowing the extent to which this store is competing or not, in addition to knowing the financial potential of the project owner.

 

Second, choosing the appropriate location for the project:

The gold project is one of the projects that must be chosen in the right place in order to attract a large number of customers, as the main face of the store is its location.

Where the gold store should be purchased in a place characterized by its presence near shops or places where there are large numbers of people, and the place can be chosen near places of high-end level, in order to be more attractive.

 

Third, the space of the gold shop project:

This project does not need a large area, as its owner can rely on a shop with an area of ​​20 meters, this space is sufficient to accommodate the amount of gold.

 

Fourth, provide the necessary requirements for the project:

The gold shop project requires some requirements in order for the gold shop to become attractive to individuals, and these requirements are as follows:

Provide glass shelves in order to display gold jewelry on them.
Purchasing a distinct window in order to display the gold through it.
Purchasing appropriate quantities of gold jewelry in attractive and different shapes, to suit all tastes.
Buying a desk to put money in, in addition to providing a gold scale and a magnifying glass.
The necessary licensing procedures for setting up the project must be completed.
Carry out insurance on the shop and all its contents in the insurance company.

Feasibility study of the gold shop project
Fifthly, the labor required for the project:

This project obliges its owner to be fully dedicated to him because it is one of the very sensitive projects, where he prefers to take over the buying and selling process so as not to cause any disturbance in the progress of the project.

But it is possible for the owner of the project to appoint an honest and truthful person, to help him in the buying and selling process.

 

Sixth, good marketing for the project:

The success of any project depends largely on the marketing and promotion process, and the owner of the gold store can do the following to attract people to the store:

Make a very large board on the front of the store, with the name of the store and the number of its owner to contact.
Making a distinguished opening of the store so that people get to know it, with the possibility of making advertising cards for this opening and distributing them to the shops.

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Technical Economic Consulting Company was established in 2012, it was established by a team of investment professionals to become one of the leading investment companies to provide the best management consulting services to local international companies and institutions. Since its inception, the company has continuously expanded to become one of the largest leading consulting firms in the region through its branches located in the Arab world as well as representative offices in Europe.

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