Client Question: I want to start this business, will it work? Is there enough opportunity, demographics, resources in the area to support it? Who is my competition? What is the method for acquiring clients?
The intent of a Business Feasibility Assessment (BFA) is to determine the overall viability of starting a new business venture. This task will be accomplished through your participation in multiple working sessions with a Strategic Business Guide management advisory service representative. During these meetings detailed questions pertaining to the business will be explored to facilitate the process.
Based upon information gathered, including the generation of a Pro Forma Profit & Loss/Balance Sheet and Start-Up Cost projections, an evaluation of the company's potential strengths, weaknesses, opportunities, and threats will be complied.
The Business Feasibility Assessment ( BFA) will address all key elements within a professionally developed business plan:
Company Description - Target Market - Competition - Marketing & Sales - Operations - Management Structure - Client Relationship Management - Customer Service - Future Development - Financials.
Upon completion a mutual decision regarding the practicality of proceeding forward with the implementation of the business will be ascertained.