Feasibility Study Overview
Are you planning to start a business or expand your current business and you need financing? In addition to having your accounting up-to-date so you can show some current financials to your potential investors or loan providers, you will probably be requested to show some type of financial feasibility study.
This study needs to provide a projection of the amount of funding or startup capital needed, what sources of capital can and will be used, and what kind of return can be expected from your new business idea or expansion.
A feasibility study is a time consuming task that requires a lot of input from the client. The clients input has to be translated into a financial projection for 3 to 5 years. These projections will provide information to you and your investors or loan providers about your plan’s chances to be successful.