Feasibility Analysis

As the name suggests, a feasibility analysis is a systematic study to understand whether a specific project, venture, or approach is feasible. A feasibility study will provide you with the discipline and insight to ensure that your idea is worth pursuing. Furthermore, to finance the business, lending institutions and investors require a feasibility study. It is because an effective feasibility analysis evaluates the project’s potential for success. 

DNA Growth has a strong track record in delivering and assisting with feasibility studies. We can customize the feasibility analysis to meet your needs and advise you on funding and appraisals where required.

Attributes of a Successful Feasibility Analysis

  • A compelling feasibility study must be based on reality. So, we make sure that the analysis is not an abstract theory. We do primary and secondary market research to understand whether or not customers will buy, or if investors will invest.
  • In addition to market analysis, financial assessment is also a critical component of the feasibility study. Without the financials, it is impossible to determine how feasible the business idea is. The financial assessment includes revenue and income projections for the first year, along with start-up costs, to determine how much funding your business will require.

Reasons Why You Should Conduct a Feasibility Analysis.

  • Feasibility analysis provides benchmarks for a project’s viability. 
  • It helps you define your goals and will give you a clear understanding of the steps you need to take to achieve them. 
  • Feasibility study gives you insightful market information about what a project needs to be sustainable. 
  • It also helps you determine the costs that will be incurred to launch a project successfully. 

Do you have a business idea and want to know if it is feasible? Contact DNA Growth today to Conduct a Feasibility Analysis. To get more information, please get in touch with us on hello@dnagrowth.com or +1 (619) 940-4535‬, while mentioning the nature of services you are looking forward to discussing.