Drafting a feasibility study

[Toyoabasi]

So in the business world if you want financial assistance from a financial institution you must draft a business plan with which will show that you're a serious business man or woman. Is this the norm in other countries or just in developing countries too?

Feasibility reports are always required by financial bodies especially when seeking for assistance. A feasibility report shows the Weakness, strength, opportunities and threats of a business enterprise.

 

[Dagm1]

It is not just for underdeveloped countries, but also for developed countries. This ora tice is always handled in order for financial houses to make sure that your loan request is worthy of the business you're discussing based on the plan you gave.

 

[joy101]

Business plan is very important in every companies so that them can know the strength of that business, putting up business plan first in a business is very important.

 

[Ghost1]

I want to believe it is the same everywhere. You don't just draft a business plan, you must be able to convince them that this business would yield enough profit so you can pay back the loan on time

 

[Kvngsammy]

It's the norm in the business world allover. A feasibility report is almost like a prediction of how well that business would do. Anyone who wants to be taken seriously should draft a feasibility report - it contains a lot of details that would factor in a lot of parameters.

 

[Setho]

It is very important that you can do about it because it is going to allow you to know if the plan that you are trying to implement is something that the general public are going to be interested in.

 

[tyrim88]

It is not only in developing countries you will find such,infact it is a global practice for financial institution to know in details all about the business and the structure as well as the process the business owner intend to generate income for the business.

 

[Lens]

There are experts on the feasibility studies angle. They help you to make the necessary plans on how to make the business strive. They wil tell you if the business is viable or not.

 

[Shigobad20201]

I want to believe it is the same everywhere. You don't just draft a business plan, you must be able to convince them that this business would yield enough profit so you can pay back the loan on time

You are right , you don't just draft a business plan without doing a neccesary research on it and having the positive mind of convincing people of getting a positive outcome.

 

[tyrim88]

So in the business world if you want financial assistance from a financial institution you must draft a business plan with which will show that you're a serious business man or woman. Is this the norm in other countries or just in developing countries too?

That is just how it is done everywhere,its a global practice,because no financ tial institution would want to give you a loan without knowing how you are going to utilise such funds in the best possible way.

 

[Shigobad20201]

It is very important that you can do about it because it is going to allow you to know if the plan that you are trying to implement is something that the general public are going to be interested in.

Drafting a feasibility study helps and allow you as the owner of the business to know if the plan you are aiming to use for your business will be accepted by the public .