Feasibility Assessment

A comprehensive feasibility assessment is essential before you open a business or invest in an idea or an existing business. This way you can save a great deal of money, avoid unnecessary investment and increase your chances of business success. The feasibility assessment is sometimes the most important business assessment, to be performed before you seek business advice and before you write your business plan. At the end of the feasibility assessment you will know if your investment is worthwhile and you can decide on the next step. It is vital for a comprehensive feasibility assessment to examine all the active components of the business, including finance, marketing, operations, organization and management.

After the feasibility assessment, you will know:

It is important to conduct a feasibility assessment before establishing a new business or expanding an existing business, in order to estimate the economic potential and to obtain tools that will help in making decisions on how to promote the success of the business.

The feasibility assessment stage is critical, since the majority of ideas and ventures are shown to be economically and commercially unfeasible. Statistics show that each year numerous businesses are set up that are destined to fail and lose money within their first two years.

The reason for this is very clear. Managers and entrepreneurs jump into the business “adventure” without conducting a feasibility assessment at an early stage of realizing their business idea, and then are forced to abandon it after discovering its unfeasibility, with all their efforts and investment lost along with it.

An objective feasibility assessment before the idea is put into practice will help you to avoid common errors and to make responsible decisions about the chances of success or failure.

The team of experts at the Institute of Business Analysis in Israel includes experienced business people, business consultants, lawyers and marketing people. They have a great deal of experience in conducting responsible and professional feasibility assessments in varied fields of investment in Israel and around the world.