Do you ever ask yourself any of the following questions?
If you answered “Yes” to any of the above, we can help you.
A properly constructed feasibility study will provide the insights to reassure you that the idea is worth pursuing. In terms of investments, or any projects in general, feasibility studies help establish if a project or investment is worth pursuing and whether it offers a sufficient return compared to its risks.
Furthermore, if you are looking for options to finance your project, lenders including banks and financial institutions would require a feasibility study to be done.
At Affility, our professionals have a high level of proficiency in preparing feasibility studies in the UAE and abroad. We have worked with hundreds of business start-ups, as well as established companies seeking to introduce a new product or service. Our Feasibility Study Consultants understand how passionate you are about your idea, and we can assure you that we work with the same enthusiasm and meticulousness to give you the most appropriate advice.
Our Feasibility Study Consultants follow a thorough process to perform a comprehensive analysis as per your needs. We start with preliminary background research that covers a detailed description of your project, an assessment of the demand for the idea, determines your competitive advantage, and identifies any core risks at this early stage.
If the project still seems viable, we move on to creating a detailed scope of the project, including a strengths and weaknesses assessment of your organization concerning this project.
Next, market research is performed to gauge the demand for the project. This research will also allow you to determine the best possible approach to introduce the product/service into the market, bearing in mind aspects like market size, accessibility requirements, demand periods, etc. Some tools and techniques used as a part of the research include interviews, surveys, focus groups, social media analysis, observations, and evaluation of data that is available publicly.
Then, we move on to the financial aspects of the feasibility that addresses the questions about the source of funds for the project and how the project can be financed for optimum returns. It also considers futuristic components such as projected break-even points, ROI, and payback periods.
Risks are continuously identified and monitored throughout all these phases because they could be different at each stage of the study. Finally, the findings of the feasibility study are reviewed for accuracy, objectivity, and completeness, and presented to our clients and their relevant stakeholders.