A Feasibility Study seeks to determine if a business idea/concept, or the expansion plans for an existing business, are viable and workable. Feasibility Study tackles the investments required, the expected return, and external influences on the project such as the State laws, competition, technology development and other factors.
A Feasibility Study is a guide that enlightens the decision-maker on potential benefits or probable losses of taking up a prospective venture before investing in the same. It attempts to foresee the future and the wisdom behind a business idea.
Baker Tilly through years of extensive experience, specialize in preparing feasibility studies, which are tailor-made to meet every client’s unique requirements.
We at Baker Tilly have the skills and expertise required to conduct comprehensive feasibility studies addressing your needs. We have access to recent industry reports not to mention a broad database of information we have complied over years of fruitful service.
Added value to business entities from Feasibility Study Services
- Assist business entities with understanding the level of demand for a product or service and the extent of the project feasibility as a whole;
- Assess available resources and potential for marketing the product or service;
- Identify the appropriate timing for launching the product or service;
- Benefit from proven track record in similar projects; and
- Ensure organizational and regulatory compliance.
Services provided by Baker Tilly
Through our approach in preparing feasibility studies, we look at prospective ventures from the following perspectives:
- Market Study
- Business Model to be adopted
- Technical Study
- Legal Study
- Human Capital investment required
- Financial Model of the Project and its Viability
- Financial Impact
A comprehensive analysis of the above elements will assist the decision maker in concluding the initiation or rejection of the project.
Hence, reports provided by us are not only practical / logical but also maintain the highest standard of quality as they are critically perused by the various levels of experts within the management. Reports are available for critical evaluation from the client and the firm is entitled to provide the client with answers to all possible queries.
Not everyone is familiar with the complexities, concepts and methodologies involved in the preparation of a Feasibility Study. We at Baker Tilly understand this issue and work with our clients, providing them comprehensive explanations on feasibility study concepts, methodologies adopted, financial tools utilized etc., in preparing their Feasibility Study. We believe that sharing this knowledge will empower clients with a better understanding of their feasibility study. We also provide a detailed Power Point Presentation to our clients as a value added service
Most importantly, Baker Tilly offers you the best Value for Service ensuring Ethical Business Practices, which enhance the Value of your Business.