An investment decision may take the form of making changes in existing products, introducing new products, integrating backward or forward.
It may also involve buying new equipment, installing a new plant, leasing an equipment, expanding operations, buying over an existing company or even divesting. Every investment involves a cost outlay, expected cash outflows and inflows, an opportunity cost of capital and a desired level of return on investment.
To minimise the risk usually associated with investment and to make the most effective use of scarce resources, it is extremely necessary to determine the feasibility and viability of business ventures to be embarked upon. The large-scale project involves a higher risk level and has more need for project feasibility studies. Feasibility studies therefore form an integral part of developing medium and large-scale projects.
Most micro and small scale projects and activities embarked upon need perhaps very small level of capital. They may not involve feasibility studies in the strict sense of it. partly because the project promoters cannot afford them. Even then the need to answer pertinent questions on such projects cannot be overstressed. The objective is to raise the consciousness of investors to undertake feasibility studies on their projects to identify key factors to be investigated to ask appropriate questions related to their projects and to enhance the skills of participants to carry out simple studies.
CONCEPT DEFINED. Process of gathering Data- It is the process of generating data related to a new project or an investment proposal and drawing appropriate conclusions in the light of data collected and the values of the project promoters; An Enquiry- feasibility study is an enquiry which consists of putting down on paper in quantitative terms the anticipated operations of a proposed project, whether this project be an extension of old facilities, a joint venture with another company or government, the purchase of new machine tools and squipment, etc;
Document or Report- It is also a document or report which shows with a minimum of bias the project being studied in a logical and orderly fashion and the investigation carried out on an enterprise or project as it relates to the feasibility of undertaking the project and its commercial viability. Preliminary Surveys- Note that a feasibility study is undertaken after preliminary surveys and appraisal (prefeasibility studies) have led to the selection and formulation of a business idea.
The feasibility study is therefore a screening process to determine the quality and appropriateness of this investment or initiative.
by martins okosina
By: Martins Okosina
Posts Tagged ‘Scarce Resources’
Business Consulting – Feasibility Report on Business Ventures
March 22nd, 2010Finding a Few Women’s Business Grants For Your New Business
October 9th, 2009
So you’ve finally decided to start your own business. It’s a daunting task; but it looks like you’re up for the challenge. You’ve developed you’re business plan, you’ve even thought of a name for your new business venture. Now the next step is to find some way to finance the best business idea since the invention of the wheel. As a female entrepreneur, you know that there are quite a number of women business grants available, but the trick is to find out which ones will do you the most good.
One of the first places that most potential women business owners look for grant funding is the internet. A quick use of any of the major search engines will spill over about 10,000 websites that offer to search and find grants specifically for women available, for a nominal fee of course. However, as a potential business owner, the idea of spending scarce resources unnecessarily doesn’t sit well.
So the question becomes, is there a way to find out what grants are available, without spending your hard earned money? Of course there is, but you will have to spend a bit of time and effort tracking down the information. The following few paragraphs will detail some of the commonly overlooked resources for finding the financial assistance you need.
The Public Library
Surprised? Your local public library is a great source of information concerning women business grants and other financing opportunities. In fact, many libraries have complete sections dedicated to small business grants, for both women and minorities. Simply stop by the reference desk at your local library and ask to see their business resources section.
The Local Chamber of Commerce
Another great resource for finding funding for your new business venture is the local chamber of commerce. In most cases, your local town or city wants to encourage the development of local industries, including women entrepreneurs. Because of this desire, many cities offer specific women business grants designed specifically for start up costs, costs of property maintenance, and even the cost of everyday business expenses. While there might be a nominal application fee, the information is free. All you’ve got to do is ask.
Specific Business Organizations
Perhaps your potential business is one that has been well established in the national community. If that is the case, there is a good chance that funding is available from various professional or business organizations specific to your line of work. Check with the financial officer of the professional organization. They should be able to direct you to a few women business grants that could get the ball rolling.
These are just a few of the various resources that are available to any man or woman wanted to make the leap and start their own business. By doing a little legwork, and taking a little more time in the research process, you’ll be able to find the women business grants you need to start your dream business.
By: Gary Pearson
