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Feasibility Study

How feasible is that new big idea of yours? Feasibility study is another market research tools our team; ZACRAC provides for your product, service, organization or business. For example, when you want to start up on a new business venture, create a new product line, or even expand an existing product line or service into a new market, in a different demographic location, under any economic condition, these are risky investments and so, Conducting an effective feasibility study or analysis, is an important step you need to take in assessing the potential risks, costs, benefits and rewards of the new venture. We provide you a well-designed feasibility analysis which comprises the historical background of the business or project, a description of the product or service, accounting statements, details of the operations, financial implications, legal requirements and tax obligations. However, the Technical factor is a necessary factor required for a good feasibility study, and this is an outlined design of system requirements to determine whether the company has the technical wherewithal to handle the completion of the project.

The technical feasibility assessment is majorly focused on gaining an understanding of your present technical resources of the business and their applicability to the expected needs of the proposed system. It is also an assessment of the hardware and software and how it would meet the need of the intended system. In other words the need for a detailed and concise feasibility analysis or assessment cannot be over-emphasized as it confers innumerable benefit to your business or organization; outlined below are some of the benefits;

  • If a significant market for your product or services cannot be established, then it can be said that there is no project. Therefore, Feasibility study would help examine the potential marketability of your product or service, attract investors, and clients that there is a potential market for your product or services.
  • Feasibility studies will assess the potential sales of your product, the potential and likely level of market absorption and capture rates and further, the timeliness of the project.
  • • Feasibility studies also helps to explore the economic climate, likely pitfalls, identify opportunities, and plan the eventual cost and revenue of the business.
A feasibility study may not be necessarily difficult, but a necessity and, must be done thoroughly.

Authentic Survey Data Collection and Market Research Solutions

  • Definition of research objectives
  • Questionnaire Design
  • Questionnaire Programming
  • Field Work and data collection
  • Data Analytics

Beyond data collection, we turn data into information and information into insight.

  • Data Visualization
  • Data Cleaning
  • Data Transformation