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Old Government Printers Building No.5 Textile Road Southernwood Mthatha 5099Tel : (047) 531 0346 Fax : (047) 531 4121Postal Address P.O Box 1134 Mthatha, 5099SOC Ltd388/2024 FEASIBILITY STUDY AND
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Define the project objectives clearly.
02
Conduct market research to gather relevant data about industry trends and target audience.
03
Analyze the technical feasibility by evaluating available resources and technology needed.
04
Assess the financial feasibility by estimating costs, potential revenues, and funding sources.
05
Identify potential risks and their mitigation strategies.
06
Compile the findings into a comprehensive report that includes recommendations.

Who needs feasibility study and business?

01
Entrepreneurs planning to start a new business.
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Investors seeking to assess the viability of a project.
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Companies looking to expand or enter a new market.
04
Non-profit organizations considering new programs.
05
Government agencies evaluating the impact of proposed projects.
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A feasibility study is an analysis of a project's viability and potential for success. It assesses factors like economic, technical, legal, and scheduling considerations to determine if the project can be successfully completed.
Individuals, businesses, or organizations that plan to undertake new projects or ventures, especially those requiring funding or regulatory approval, are typically required to file a feasibility study.
To fill out a feasibility study, gather relevant data, define the scope and purpose, analyze market conditions, assess financial implications, outline potential risks, and present findings in a structured report.
The purpose of a feasibility study is to evaluate the practicality of a proposed project, determining its chances of success and providing stakeholders with essential information to make informed decisions.
A feasibility study should report on project description, market analysis, financial projections, technical requirements, organizational structure, risk assessment, and a clear conclusion on the project's viability.
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