Feasibility Study & Business Plan

 

Emirates Business & Management Consultant’s capabilities encompass the entire spectrum of Feasibility Studies, Project Reports, and Business Plans. With a prolific record of satisfied customers in the world, makes Emirates Business & Management Consultant a top notch player in the arena of Business Plans, Turnkey Projects, Project Reports and Feasibility Study. A Feasibility Study is a low-cost risk management tool – a relatively small expenditure will yield measurable results that can help to avoid expensive mistakes in the full project.

The Feasibility Analysis

Whether you plan to expand an existing business, acquire an existing business or start your own new business, this Emirates Business & Management Consultant will show you how to perform a basic economic feasibility.

On conducting your feasibility analysis, you will:

  • Evaluate whether you and your management team possess the characteristics most common to entrepreneurial success;
  • Assess the market for your new business idea;
  • Estimate the basic financial feasibility of your business, including potential sales revenues, fixed and variable costs, and break-even figures;
  • Identify the pitfalls many new small businesses encounter—and study how you can avoid them; and
  • Finally, make an informed choice about whether or not your idea is still attractive and practical.

Business Plan

A good Business Plan should be the roadmap for managing your company.

You should be aware that a business plan is a tool, along with many other tools, that can help make your business work. It helps you trace out the strategies necessary to define a sustainable model. Therefore, the efficiency of the Business Plan not only depends on its preparation but on how it is used in the daily management of your company.

You have to use the business plan for your decision-making. For this, the business plan must provide information about how your decisions will impact the company. This is achieved when you have a constant flow of information with your business plan. On the one hand, you have to continuously update the business plan. On the other, you have to know how to interpret the information it offers.

EBMC has the expertise to assist you to prepare your business plan.

The Importance of a Business Plan

Features

A business plan will include an executive summary. This is a brief summary of the entire plan and should catch the investor’s attention. The plan will also include detailed information about your management team, information about the products or services you intend to offer, a market analysis of your industry, your marketing strategy, and a risk analysis. Include charts detailing financial projections over the next one to five years. These may include projected profits or losses, break-even analysis, cash flow projections and balance sheets. You also may create an appendix of personal financial statements, credit history and tax returns to show to specific individuals but not everyone.

Lenders

If you intend to seek to finance for your business, you must have a business plan. Investors will pay close attention to your personal financial statements and financial projections. In particular, investors want to see that you’ve set milestones and implemented realistic tools to measure your success. Investors may also want to know how much you intend to spend on such things as marketing. Furthermore, investors are particularly interested in your management team and ensuring the team members have the right skills to help run your business.

Property Managers

Landlords and property managers may want to review your business plan before leasing to you. While you don’t need to divulge all of your financial information to a potential landlord, you will need to prove that you are capable of paying your rent. Personal financial statements and proof that your business will produce a positive cash flow may be enough to satisfy their needs.

Suppliers

A business plan can help you when applying for business credit from suppliers. Suppliers who feel confident that your business will succeed will be much more likely to extend credit. In particular, they may be interested in reports about your projected sales. In addition, suppliers may want to ensure their products are being represented in the right way.

Considerations

A business plan will help you identify what works and what doesn’t, allowing you to track your success and adjust accordingly. It allows you and your team the ability to prioritize your objectives, establish timelines and tools to measure your success, and find ways to reduce costs, change marketing strategies or increase profits. A strong business plan also can help you attract top-level employees.