As we all know it is essential to produce a business feasibility study checklist or outline in order to organize our business feasibility study because creating an outline can be an effective tool to have complete list of what we’re going to write in our feasibility study.
Checklist for business feasibility study includes cover letter, cover sheets, table of contents, executive summary, project or product description, market feasibility study, organizational feasibility study, technical feasibility study, financial feasibility study, recommendation, conclusion, attachments and appendices.
In market feasibility study includes the description of the industry, market analysis, future market p
otential, potential buyer, sales projects and sources of income. While in organizational feasibility study contains the organizational business structure with corresponding professional skills and resume, management and business personnel.
Technical feasibility study identifies the materials, labor, technology, transportation and physical location. While in financial feasibility study includes cost estimation and pricing recommendation, balance sheet projection for three years, cost benefit analysis, income projection and break-even analysis.
Of course, you have also to consider the description of the industry, market potential, market analysis, potential buyers and sources of revenues, business competition as well as sales projections.
Before submitting your business feasibility study, be sure to proofread by someone to check for errors such as typographical error, grammar and spelling.