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library feasibility study

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27 Dec 2021

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library feasibility study

A library feasibility study, the library project is one of the guaranteed projects that achieve great financial profits within a short period of time and does not require large capital, so many young people turned to its implementation, as it is one of the investment projects that helped eliminate unemployment, and the library project aims to Sell various school supplies, which are a constant source of income on a daily basis, especially with the beginning of the school year, but to ensure the success of this project, a library feasibility study must be prepared so that its owner can know all the information about the project and the extent of the risks expected to be exposed to it as well as the expected profits as a result of its implementation on On the ground, the technology company is the perfect solution for you to obtain a comprehensive library feasibility study.

 

library feasibility study

The feasibility study enables the investor to plan well for the project, so it is the basis for its success. The feasibility study of a library serves as the backbone that carries the rest of the project’s stages, so you should not neglect to prepare a feasibility study for your project, even if it is small.

You can carry out a feasibility study for a library project on your own, or by using a company specialized in preparing a feasibility study, and the best example of these companies is the Technical Company for Management Consulting and Feasibility Studies, as it has extensive experience in this field, so you can rely on it to obtain an adequate library feasibility study through which to check All your desired goals.

The feasibility study of a library depends on several basic stages that the library owner must follow to ensure the success of your project with the actual steps. These stages include the following:

First, choose the appropriate location for the project:

A good choice of location helps to promote the project faster, so choosing the location is one of the most important elements of a library feasibility study, so the project owner must choose the location very carefully.

It is preferable to be near schools and universities because they are a reason to promote and advertise the library well, and the space must be fairly large, to accommodate all the tools and equipment needed for the project.

In addition, it must have several utilities such as electricity and water, and the place must be surrounded by vital facilities that serve the project.

Second, the library project equipment:

It is one of the projects that does not need many initial preparations, as it only requires painting the place and preferably light colors in order to give a large spaciousness to the place as well as add joy within the place.

The place must have its own electricity meter, as well as iron doors to the place. In addition, it needs a number of shelves and drawers. There must be a photocopying machine, preferably of modern types, to ensure the smooth running of work.

The place also needs to buy the goods necessary to open the library, including school supplies, such as notebooks, outdoor books, and some educational games. It is recommended to have a wonderful assortment of accessories, which are among my favorite things for many girls, as well as some special and different gifts that suit various occasions.

 

Feasibility study of a library project

Labor required for the project:

The library does not need more workers, so the owner of the project can manage it on his own, and it must be taken into account that the library date is suitable for the dates of schools and universities. There is no need to worry, as the library project is one of the simple projects that only need one or two people to manage the project.

Determine the costs needed for a library project:

Knowing the sufficient capital is one of the things that the project owner is most keen to know in order to estimate the size of the costs of the project and work to provide it, which includes the expenses of buying or renting the place and expenses for electricity bills as well as the costs of equipment and supplies for the project.

In addition to this, the expenses of purchasing merchandise, which is school tools and supplies, and the expenses of painting the library as well as the necessary decorations for it.

 

Marketing for a library project

There are many ways in which a good project can be marketed, and these methods are as follows:

Posting ads on social networking sites by photographing the place and all the tools it includes and posting them on Facebook groups and other various networking sites.
Printing paper advertisements and distributing them to schools and universities near the library.
Making discounts on all supplies inside the library, as well as selling at cheap prices compared to other libraries, and is what customers always want.
Interested in making a large banner in the library to draw the attention of students and teachers.
Providing all customers’ needs of the school and office supplies on an ongoing basis.
The upscale dealings with customers help the place gain a good reputation, which increases the demand for the library.

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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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