Florida Feasibility Study Outline
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FAQ
A feasibility study is the embryo stage of a land purchasing process that analyzes and determines if the property is practical for the planned use of the land. This task can also include reviewing all aspects of the property from both a financial and environmental perspective as well.
The most-common feasibility study should include the following sections:An Executive Summary.Description of Product or Service.Technology Considerations.Product or Service Marketplace.Identification of Specific Market.Marketing Strategy.Organization Structure.Schedule.More items...
A feasibility study is designed to answer whether or not a proposed project or idea should go forward by determining whether the project or plan is practical and doable. A feasibility study can identify the strengths and weaknesses of the proposed plan.
A feasibility study is simply an assessment of the practicality of a proposed project plan or method. This is done by analyzing technical, economic, legal, operational and time feasibility factors.
Cost of a Feasibility Study A feasibility study for small business takes an average of 60 to 90 days to complete and may cost anywhere from $5,000 to $10,000. As a general rule of thumb, a feasibility study will cost 1% of the business's total cost to open or a product's cost to build.
Contents of a Feasibility StudyTechnology Considerations. Product or Service Marketplace. Identification of Specific Market.
Define the project and alternative scenariosDescribe the type and quality of product(s) or service(s) to be marketed. Outline the general business model (i.e. how the business will make money). Include the technical processes including size, location, kind of inputs, etc.
A feasibility study includes such vital information and data as the funding needs to complete the project, the market opportunity, government regulations, risk factors, strength and weaknesses, the management team and the financials of the company.
The Feasibility Study A feasibility study is the embryo stage of a land purchasing process that analyzes and determines if the property is practical for the planned use of the land. This task can also include reviewing all aspects of the property from both a financial and environmental perspective as well.