Business Feasibility Study is a study in depth the activities of an undertaking or business to be run, in order to determine the worth or not the business is run
Factors Causing Failure of Business:
1. Data and information is incomplete
2. No thorough
3. Miscalculated
4. implementation of the work of
5. Environmental conditions
6. Element of deliberate
Therefore, prior to running a business feasibility study team that will handle the business feasibility study must consider the following matters:
1. completeness and accuracy of data and information obtained
2. Experts who owned the business feasibility study team is really tough
3. determination methods and the appropriate measuring tool
4. Loyalty business feasibility study team
Business Feasibility Study Objectives:
1. avoid the risk of loss
2. facilitate planning
3. facilitate the implementation of the work
4. facilitate control
5. facilitate control
Institutions Requiring Feasibility Study:
1. Business owners
2. Creditors
3. Government
4. Wider community
5. Management
The assessment aspects of Business:
1. Legal Aspects
2. Market and marketing aspects
3. Financial aspects
4. Technical aspects / operations
5. Aspects of management / organization
6. Economic aspects of social
7. Aspects of environmental impact
Stages In Business Feasibility Studies
Data Collection
Doing Data Processing
Data Analysis
Not feasible
Cancelled Decision Making
feasible
Recommended
Run
Sources of Data and Information:
1. of economics and business publications either from newspapers or magazines
2. of BI publications, Perbanas and other financial institutions
3. Investment Coordinating Board, Bapepam
4. Central Bureau of Statistics
5. Association of Industry and Commerce in charge of similar business types
6. Research institutions both by government and private sectors such as LIPI
7. Data and information is sourced from the Colleges
8. Other sources.
