FEASIBLITY STUDy: The future of your business should be well planned in advance. Whether your plan is to sell the firm and realize it full value or you intend to maintain its independence with a secession of emerging partners, it must be well lay out. Feasibility study evaluate the projects potential for success. Therefore perceived objectively is an important factor in the credibility of the study for potential investor and lending institution. It must must be conducted with an objective, unbiased approach to provide information upon which decision can be reached. A well designed feasibility study should provide a historical background of the business or project, a description of the product or service , accounting statement, detail of of operations and management, marketing research, and policies, financial data, legal requirement and tax obligations . Regularly review your business financial management information in depth to ensure that affairs are progressing as planned. This should be paramount and action taken and decision made which may even require a change in strategy. Beware and always in the know. Before signing any contract agreement, you must always read between the lines and understand the implications . Fine print are delicacies, you may sometime need a profession/lawyer to interprete.
Posted on: Thu, 28 Aug 2014 12:21:06 +0000
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