The Practical Roadmap to Business Validation
Creating a feasibility study is the fundamental bridge that secures the transition from a mere idea into a thriving commercial business. Follow these 11 steps for a professional results:
1. Select the Economic Field
Defining whether the project is industrial, agricultural, commercial, or service-oriented to understand the applicable laws.
2. Preliminary Feasibility Study
A quick "Is it worth it?" check before spending time and money on detailed research.
3. Marketing Feasibility
Analyzing supply, demand, competitors, and defining your unique value proposition.
4. Technical and Engineering Feasibility
Determining site, machinery, production stages, and labor requirements.
5. Legal and Organizational Feasibility
Understanding the company legal structure, licenses, and organizational chart.
6. Safety and Environment Study
Assessing the project's impact on public health and the environment.
7. Financial Feasibility
Estimating initial investment costs and ongoing operational expenses.
8. Project Evaluation and Decision Criteria
Calculating Net Present Value (NPV), IRR, and Payback Period.
9. Financing Plan and Cash Flow
How will the project be funded? Debt, equity, or lease?
10. Sensitivity Analysis
What happens if costs increase by 10%? Testing the project's resilience.
11. Final Report and Recommendations
The final "Go" or "No-Go" decision based on all previous data.