A business feasibility report (not a marketing report). The feasibility study will analyse the business and decide whether the business would work based on the following guidelines.
- Know how the business works and estimate the cashflow.
Using Tools: Business Journey Plan, Levers & Pedals, Cashflow
- Have an overall view of the economy and use the 6-Step research methodology.
Using Tools: CIGARS, WISPA, DENTS, ROAR, PEST
- Understand and research the market domains and barriers to entry to seek out business opportunities.
Using Tool: CRIMSON BLADE, SMART, 7-domains
- Being aware of direct and indirect competitors and market leaders; seeking out gaps in the business.
Using Tools: RAGS, DIL, PEAS
- Identify market pains, market segmentation and user types.
Using Tools: 1MR, CWISAT
- Perform a cash flow analysis for the business during operation.
Using Tools: Breakeven Analysis, Risk Analysis, Calibrator;
- Analyze and understand the key concepts around opportunity, entrepreneurial behaviour and the factors in the process of start-up and of survival.
- Identify ideas to create opportunities, national or international, thorough a feasibility analysis and evaluate using the relevant disciplines and frameworks.
- Recognize the tension between the creative (innovative) and measured elements (data analysis and evaluation) of a business opportunity and the disjunctive nature of learning this brings.
- Assess feasibility through relevant research techniques and research sources to create a macro and micro level analysis as the basics to develop a business plan or solve a business problem.
- Presents a professional written and ‘pitched’ feasibility report for the business opportunity with appropriate measures, as a basis for building a business plan for a new product in a following module; or as a suitable analytical framework to be applied to a business problem for analysis and potential solutions in following modules.
