“planning is risky” but you plan in order to minimize risk
Entrepreneurs who start new business may overestimate the size of the market in their area and not take into account the tough competition they will face from established business with loyal clientele.
Doing a feasibility study prior to investing the time and money to open a new business can help an entrepreneur make a more informed decision about the venture's chances of success.
Next Ideaz will assist and conduct a professional feasibility study to sets a turnkey map on: obtain marketing statistics, evaluate potential locations, review the competitions, study the industry, look at your cost structure, and evaluate management capability.
The feasibility study assessment phase covers: assumption, Staff cost, P&L, Cash-flow & results summary.