FEASIBILITY STUDIES & BUSINESS PLAN SERVICES
WHAT IS A FEASIBILITY STUDY?
A feasibility study is the analysis of the practicability of a proposed idea. It evaluates the economic, environmental, technical and quality of life aspects of proposed business ideas.
Feasibility studies and financial models can be used by a business to determine if a business, idea, or project is feasible before investing time and resources in the business. We only develop business plans for financing or investment or to help a business who has a current loan convince the bank they are in good standing.
In many cases, feasibility studies can be used for financing or investment as well for start-ups. We have supplied a document that you can provide to your bank that outlines the differences to determine which document they prefer. In many cases, we find for start-ups, a bank or credit union has not required a full business plan.
Business Cardinal have helped businesses in a variety of sectors obtain financing or investment for over N200,000,000. We can provide a client with an idea if they could be approved for funding or investment based on the business only. Keep in mind that we cannot guarantee financing or investment as we do not get involved in looking at your business and personal credit, which plays a pivotal role in determining whether you will qualify.
We have an excellent reputation among lenders for writing feasibility studies and business plans and we have not had a client turned down for financing. We have had several clients come to us after a plan developed only to be turned down by the lender because they chose not to invest in having a plan developed by professionals.
The following set of individuals uses a feasibility study in different areas and industry:
- Business Owners
- Start ups
- Existing Businesses
- Project Leader,
- Business Analyst
- Project Manager
- IT Manager etc.
WHAT IS THE PURPOSE OF A FEASIBILITY STUDY?
The Feasibility Study analyses potential solutions against a set of requirements, evaluates their ability to meet these objectives, describe a recommended solution, and offer a justification for this selection. It should address issues that could influence the success of a potential project and assess the advantages and disadvantages of each option so they can be ranked.
Feasibility studies aim to objectively and rationally uncover the strengths and weaknesses of the existing business or proposed venture, opportunities and threats as presented by the environment, the resources required to carry through, and ultimately the prospects for success. As the professional business experts, we will carry out feasibility studies and help you to for your company success.
The scope of the feasibility study includes but not limited to:
- Market research
- Market analysis
- Technical study
- Capital investment requirement
- Financial projection
- Sensitivity analysis
- SWOT analysis
We strive to provide consultancy services in Business Planning for long-term growth through proper investment analysis for our clients’ businesses and their business ideas.
Our regular business plans include the below areas of in-depth analysis and substantial reports, for investor to take appropriate decision and follow the road map of
- Business Strategy, modeling and Planning
- Marketing Strategy and Plan
- Operations and Work Flow Planning
- Compliance Resources
- Human Resource Planning and organization structure
- CAPEX Planning and Optimum Utilization of Resources
- Financial Forecasts, Liquidity Management Strategies
WHY IS FEASIBILITY STUDIES IMPORTANT FOR YOUR BUSINESSES?
Business Cardinal design and write your idea in a compelling and creative way that grabs the attention and interest of the readers, bankers, or investors.
Let’s help you prepare an MBA standard, bank and investor-grade professional business plan with well-done market research, an in-depth marketing plan, and a global standard financial plan that you can use for the following;
- To get a loan from the bank
- To secure investment from investors
- To get business grants
- As a personal guide or roadmap for your business.
- For joint/partnership ventures
WHO WE ARE?
Complete feasibility studies and market analysis with ROI which serves as the foundation to any comprehensive business plan. Detailed P&L statements and Break-Even Analysis, including business sales projections estimates for three scenarios: worst-case, best case, and most-likely. Business proforma and expense statements for the first year of operations with appropriate staffing requirements projections and wage and salary scales to form the basis for the projects labor cost.
At Business Cardinal, we are experts in Feasibility Studies with over 15 years’ experience with clientele ranging from different industries and sectors. You have a business idea and want to know if it is feasible. It doesn’t make any difference if it is a product or service.
A feasibility study will provide you with the discipline and insight to reassure yourself that your idea is worthwhile pursuing. Furthermore, if you need to finance the business, lending institutions and investors, typically require a feasibility study. The feasibility study evaluates the project’s potential for success. At Business Cardinal we have prepared feasibility studies for start-up companies, as well as, established companies seeking to introduce a new product or service.
Our Business Feasibility and Business Plans Coverage
Feasibility studies contain standard components. The exact appearance of each study varies. This depends on the industry studied, the critical factors for that project, the methods chosen to conduct the study (primary and secondary research) and the budget. Most studies have multiple potential uses, e.g. validate your assumptions, reassure investors and lenders that the proposed venture is economically viable. It must be designed to serve everyone’s needs.
Our experts will help you to evaluate your business idea by providing you with the necessary feasibility report to help you make an informed decision. We will also provide you with a business plan to guide you throughout the process.
Our feasibility study and business plan cover the following:
- Market research and business potential sales
- Technical analysis and feasibility
- The Financial model and profitability analysis
- Risk analysis and risk management
- Strategy and execution
- Project plan and schedule
- Recommendations and realistic expectations
- Support in securing project funding (loan, investment, etc.)
- Business planning
- Concept development
- Consumer research
- Feasibility studies & due diligence
- Competitor research & trade area analysis
- Tailored research & analysis (industry, market, category, competitors)
- Competitive benchmarking
- Gap analysis
- Location & site analysis
- Real estate & site selection research
- Strategic growth plans
- Market Analysis
- Opportunity Analysis
- Operational Research
- Competitor Analysis
- Industry Best Practices
- Business Model Generation
- Business Processes
- Risks and Mitigation
- Budgeting & Financial Planning
- Implementation Roadmap
Our Business Feasibility Writing Constituents
In preparing a feasibility study, valuation or business plan, Business Cardinal applies the following tools:
- Financial modeling
- Revenue projection
- Cost estimate
- Financial statement projection
- Financial statement analysis
- Capital budgeting
- Return analysis
FAQS ON BUSINESS CARDINAL FEASIBILITY STUDIES AND BUSINESS PLAN SERVICES
- Where Is Your Professional Business Plan Writing Service Located?
At Business Cardinal, we have offices present in 5 states in Nigeria which are Lagos, Delta, Ogun, Oyo and Rivers state.
Our professional business plan writing service can be executed for you no matter where you are located in Nigeria, Africa, or across the world.
We rely heavily on phone, e-mail, and online platforms, and have never met more than half of our clients. If desired, we are available to visit you at your office whenever convenient for detailed evaluations.
We deliver on time to you no matter where you are.
- What Industries Do You Write Business Plans For?
Some of the markets we have served include real estate, commodity trade, financial services, manufacturing, retail, consumer products, health care services, networking, distance education, media and entertainment, sports betting, and many more.
Our professional business plan writers in Nigeria, Lagos, Abuja, Port Harcourt, and all over the country are industry experts with years of experience.
Whether your business is in the Idea stage, start-up stage and need to get a bank loan or investment, or you’re an established company that wants to expand its business operations, we can write you a professional business plan that will help your business secure a bank loan or an investment in Nigeria, Africa, or anywhere around the world.
We believe that the value we bring to the table is beyond industry expertise which you probably already possess in abundance but rather an understanding of what investors like to see in a potential opportunity.
- How Does The Process Work?
Every project is unique. However, some general steps include the following:
- Initial discussion to understand your basic needs.
- Review your existing materials, if any (draft business plans, financials, market research, competitor research, etc.
- Follow-up discussion to clarify details and agree upon the scope and fees for the project.
- Prepare a draft outline of the business plan for your review.
- Obtain and incorporate your feedback.
- Incorporate your revenue and expenses into the financial plan
- Finalize all deliverables.
- Provide ongoing support, including making minor updates to the deliverables at no additional charge.
- How Much Do You Charge To Write A Business Plan?
We offer the most affordable and competitive prices for the best services, our feasibility study, business proposals, business plan, pitch deck, business model canvas, and company profile prices are very affordable.
We charge a pre-determined fixed fee, our prices are determined by various factors, some of which are specified below:
- the scope of the project
- the sophistication and specific needs of your audience
- The quality of your existing materials for the project if any, including early drafts of business plan, financial forecasts, market research, competitive research, etc
- The clarity of your vision for your business model, marketing and distribution strategy, financial plans, etc.
- The complexity of your industry and business model.
- The desired time. In general, “rush” jobs will carry a higher price over projects that can be completed within our standard timing.
Due to these factors, the fees for a typical project consisting of the preparation of a bank and investor-grade business plan, business feasibility study, and business proposal ranges based on your project demand.
- Can You Deliver Earlier Than The Standard Time?
Yes!!! but we may need to charge a “rush” fee. We typically work on multiple projects at any point in time, and rush projects can strain our schedules or inconvenience other clients.
- How Long Will It Take to Write My Business Plan?
Usually, our business plan writing service takes between 48 hours to 14 working days, depending on the type of business plan and the amount of research that needs to go into it.
The actual time can be influenced by the quality of your existing information or material if any, the complexity of your market and business model. Some very simple projects can be completed in just a few days.
- What Happens After You Have Delivered The Final Document?
We remain available, at no extra charge, to answer follow-up questions, provide advice, and to make minor changes to the documents we produced for you.
- Do you offer a business plan review service?
YES!!! We offer business plan review services.
Because of the dynamic nature of business plans, they should be reviewed from time to time, especially for younger businesses, it’s advisable to review and update them as time and season changes.
- Will You Consent To Signing A Non-Disclosure Agreement?
Absolutely. We prefer to use a Mutual Non-Disclosure Agreement so that our own trade secrets can be protected as well. We ensure that information like this does not get into the hands of third parties. This is why we put controls in place to prevent this.
It is estimated that only one in fifty business ideas are actually commercially viable. Therefore, a Business Feasibility Study is an effective way to safeguard against wastage of further investment or resources. A Feasibility Study helps you evaluate if a business should be conducted or not, what will be the drawbacks and the advantages and what will the possible solutions be.
If a project is seen to be feasible from the results of the study, the next logical step is to proceed with the full Business Plan. The research and information uncovered in the Feasibility Study will support the business planning stage and reduce the research time.
If you, as a start-up business owner, require help in developing your business, we can provide business coaching on an hourly basis to make sure your business is sound before investing in a business plan or feasibility study, but this business coaching is not included in the price of the plan itself.
Business Cardinal provides an end-to-end solution to startups and entrepreneurs, which includes a comprehensive feasibility study of any project or venture. The team at Business Cardinal has extensive experience across multiple domains and geographies, which enables us to provide the best possible solutions to our clients.
If you would love to engage us for this service, please call us on 08023200801 or request us to send you a proposal by email to email@example.com or complete our customer enquiry form for more details.