When launching a new business venture, a feasibility check is of the essence. Future Market Insights boasts extensive experience in undertaking feasibility studies and reviews for clients across industries.
FMI studies the critical aspects of the proposed venture to validate assumptions and reassure lenders and investors. FMI deploys three main components for feasibility studies
- Market Analysis: This includes a study of the industry, present market, projected market potential, sales, competition, and potential buyers. Understanding market potential gives businesses insight into the demand for their product or service.
- Financial Analysis: It establishes how much start-up capital is required, sources of capital, returns on investments, and other financial estimates such as gross profit margins and net income
- Technical Analysis: It analyses the materials, transportation, labour, location, technology required, and other factors related to the product or service
Apart from these three main components, FMI also performs legal, operational, and scheduling feasibility study analysis to deliver the perfect business approach.