How to study the feasibility is a question that many people are looking for who owns capital and who want to invest it in a small, medium and sometimes large enterprise. The feasibility study is the one that gives the owner of the capital all the data related to a project and based on it the project is implemented, canceled or replaced, we will learn through this The article on how to study the feasibility, the most important elements, and the importance of the feasibility study for the business owner.
What is the point
It is a study whose purpose is to benefit as much as possible from the data and information available for the purpose of reviving the project and avoiding wasting capital, and it is also identifying the market and the size of the investment in terms of costs and an identifier of the expected profits, and accordingly the project owner takes the decision to implement it or cancel it.
How to study the feasibility
The feasibility study is not without these three points, the market study, which is the first stage of the feasibility study, depends on analyzing and studying the market to come up with several points, namely the size of supply and demand of the commodity, and identifying the competing products of quality and price in order to determine the quality and price of your product as it helps you to determine the production capacity of the commodity, knowing the target customers, and finding gaps and opportunities that can be exploited. The technical study, which is the second stage in the feasibility study, depends on studying all the technical aspects to reach what the project needs in terms of devices and machines suitable for the project, as it helps you to determine the size and type of labor required, and also helps you with the specifications of the buildings and stores and their geographical location, in order to reach An excellent product that competes with other products in the market, the more accurate the technical study, the higher the quality of the product, and this study depends on the financial and economic study.
The financial and economic study
, which is the third and final stage, and this stage is the one that shows the project owner the volume of spending on the project and the amount of revenue from the project and based on this, the owner of the capital can implement or cancel the project, and this study follows several steps, namely, the income statement, an assessment of profitability The project, the total costs of the project, and the net profit of the project were calculated. It is recommended when studying the feasibility to assign this study to specialized offices in this field, due to their possession of the necessary experience and competence, which makes them qualified for this work.