Friday, November 18, 2011

Feasibility Study for Online Business



After setting a goal is necessary to conduct a feasibility study. The feasibility study is an important tool for analyzing the effectiveness of the proposed business plan, which is to protect against waste or investment resursa.Izvodljivosti carried out before starting a new business plan or business expansion. Conducting a feasibility study to start an online business or to extend your online business is one of the good decision, because we analyze its viability in order to ensure that you have taken the right decision at the right vrijeme.Studija feasibility will help you know your strength, and will also help to analyze the possibilities of expanding and marketing your online business.

What factors should I consider to conduct a feasibility study?

Feasibility Study The business will identify obstacles and barriers in the proposed business concept, and will also determine the effectiveness of business koncept.Sljedeći factors to take into account the feasibility study.

Market viability

technical viability

business model viability

financial viability

management model viability

above are important dimensions of the feasibility study. Based on these viabilities one must go further in making an informed decision. All of the above factors must be proven feasible for the proposed activity.

Business Feasibility Study Outline:

1.Sažetak - Prepare executive summaries of who you are and what do you do? It is usually prepared at the end of study, but it is presented first.

2 Introduction: Here you present yourself and your company in detail. Their goals and objectives why you want to expand your online business. And where would you like to see yourself after a few years. This section will also include vision and mission of your company.

3 Product or service: Here you have to say about your product or service you are going to market online and offline as well. We also inform you if the product mix. Or if the other products on the market tell you more about this product and its popularity through online. Also describe how your client will use the product that benefits will deliver them if you sell it through an on-line. Who are your target customers, etc.

4 Technology: The technology has already crossed the horizon of the company. Study on existing technology. Analyze your technical strengths and try to figure out what the current technology? If you sell a product or service via the Internet or, if you order supplies through online then learn what you need technical assistance is needed to suit your needs.

5 Online market environment and competition: Be clear about your target market (s). Try to find out which online customers and end users. Why would they buy a product from you? What is the distribution system is available through on-line on the market? How is your product or service will benefit the end users. What is the trend to market their products or services? Who are your competitors online? How to distribute the product through online? Do a rough study of the competition is a separate section called WEB competitive intelligence, which will tell you more about the online contest.

6 Business model: Describe how your business will generate revenue

7 Marketing and sales strategy (both offline and online): it seems a basic marketing plan. Distinguish between your offline and online marketing plans, or mix it up as a marketing plan. Also a list of what the e-tools to use to market your products through online. What is on-line sales strategy you adopt?

8 Production and operation requirements (not needed if you are marketing merchants product): Describe the complexity of your production system. This study is not required if you are marketing merchants products / services.

9 Management and Personnel: List down your company headquarters data and their role is also to list down who will take on-line business and marketing, etc.

10 Critical Risk Factors: Try to study the risks you face in the entire business system, if you expand your business online

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11 Financial forecasts - this section will include a balance sheet, profit and loss projections, Cash-Flow, Break even analysis, and capital requirements. All financial terms and the expenditures are spent and ROI.

12 Findings and recommendations of the study

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