Financial feasibility study for retail companies
Taqseem offers financial feasibility studies to carry out a review of economic feasibility and financial aspects of your proposed retail project. Special attention is paid to your cash flow, startup and operating costs as well as forecast of the future costs that you may incur.
Our team is the best strategist working in your team. We gain unique insights into your business and design financial analysis and strategies that work for your business.
What is the Financial Feasibility Study?
A financial feasibility study is a special type of study conducted to evaluate the financial feasibility of a new business investment project. To assess this, we need to develop financial forecasts, which must be based on well-researched assumptions. These financial forecasts are then used to determine whether a new project can generate sufficient returns to meet the requirements of capital providers such as banks or investors.
You can use a feasibility study to determine market demand for your product. This will also provide an opportunity to identify potential buyers, understanding the purchase motivation of your product. Market demand determination and the feasibility analysis of your business model can also be done.
How do we conduct feasibility studies?
Taqseem’s team of experts will conduct a feasibility study taking into account various factors, including your business model, the market, the product you want to sell and researching the retail sector in which you operate. Nevertheless, it is imperative as a guiding principle that a person should stick to particular steps.
One should aim at determining the specific consumers they are targeting. It is from this angle that you get to know how much worth the market has for your product/service.
We then proceed with market research so as to find out more about who could engage in buying from you. Analysis of likely opponents in the same sector would be necessary. It will be helpful for you to check the laws and regulations in your area to ensure you understand the essence of what you are getting into before starting your business.
Feasibility study for a
new online shop
If you are considering opening an online store, we need to conduct a feasibility study to determine whether it makes economic sense. This will help you decide whether you can afford to open an online store. The profit can be excogitated. Having these financial considerations answered in your mind triggers commencement of business management. However, elements of its feasibility study differ slightly with a physical store, so to speak, though somewhat are similar in both.
Feasibility study process
A good commercial feasibility study is a combination of several parameters.
Researching the market you want to target can add value to your success. For example, it can help you identify saturated segments so you can determine which ones to focus on.
The ultimate goal of any business initiative is to generate profits. However, investing in a company is only worthwhile if it generates significant profits. You don't want to run a business that's barely breaking even, do you?
Although traditionally ignored, case studies can add great value to a feasibility study. You can gather useful information by studying the investment performance of other players in your target market. You'll also receive advice on business management and industry best practices.
If you don't want to spend all your profits on legal matters, you need to check whether the legal framework allows you to do what you want in your business.
