Benefits of Business Feasibility Study

A business feasibility study is also one of the first steps in starting a business. A business feasibility study is a research that studies in depth a business or business to determine whether the business is feasible or not to run. Feasibility studies analyze how successful a project is to run, taking into account influencing factors such as economic, technological, legal and scheduling factors. You can get various benefits of conducting a business feasibility study, including:

As a consideration in making a business decisionIn running a business, of course, you will not be separated from taking a decision in the business. 

By conducting an in-depth business feasibility study, you can find out the amount of funds that will be needed later. Allocation of own capital owned, to planning funding from creditors and investors. In addition, you can determine whether to continue to run the business, or stop and replace it with another business that is feasible to run.

For investors, it can be used as material to determine whether the business is feasible to invest or notInvestors will not invest their capital into a business for free. His name is also investing, of course the goal he wants to get is to get profit from the business he will provide investment capital. The first thing they will do is study the business feasibility study report that has been made, after they have seen and studied and concluded that the business is feasible and will generate profits, they will invest in your business.

As a consideration for creditors to provide loans or notIn starting a business, it is undeniable that we need loan capital from creditors. And even when creditors are going to provide loans, they will analyze the collateral provided and the bona fides of the business you are going to run. So they also need to study the feasibility study of the business you are going to run

The community can see whether the business provides benefits or even damages/disturbs the community's own environmentBusiness is not only related to the profit that can be generated for the company. but also the impact that will be caused to the community environment from the location of the business that you will run. There feasibility study refers to whether your business disturbs the community, both order and comfort? Or destroy the environment.

As an aspect of the assessment, it provides the legality of a business licenseA business feasibility study is used by the government to examine more deeply whether the business you are going to run is eligible for a business license or not. In addition, it is also a consideration whether the business you are running needs to be assisted by the government through its programs or not.