Feasibility Study

A Feasibility Study seeks to determine if a new business idea/concept or the expansion plans of an existing business are viable and feasible. A Feasibility Study is important as it guides the decision-maker on the potential benefits or anticipated losses of taking up a prospective venture before dedicating any investment. Feasibility studies enable an organization to have an accurate prediction of whether expected outcomes are measurable and achievable.

What is The Purpose of a Feasibility Study?

A Feasibility Study serves two primary purposes:

1. Assessing The Viability of a New Business Idea/Concept

   Before launching a new initiative, a feasibility study helps evaluate whether the idea/concept is practical from a technical, market and financial standpoint. It ensures that the proposed venture has the potential for success in its intended environment.

2. Evaluating The Feasibility of Expanding an Existing Business

   Before undertaking any expansion, a feasibility study determines whether the growth initiative is sustainable and beneficial from a technical, market and financial perspective. This helps to minimize risks and optimize resources.

What Are The Components of a Feasibility Study?

The main components of a feasibility study include the below:

1. Technical Study

   Evaluates the Capital Expenditure (CAPEX) requirements and Manpower Resources needed to successfully execute the project or its expansion.

2. Market Study

   Analyzes the target market by assessing the demand, supply, competition, market gap and market share of the project.

3. Financial Study

   Assesses the financial viability, including revenue forecasts, cost projections, and potential returns, determining whether the project or expansion is financially sustainable.

What is The Added Value to Business Entities From Feasibility Studies?

• Assist business entities in understanding the level of demand for a product or service and the feasibility of the project as a whole.
• Assess available resources and the marketability of the product or service.
• Identify the appropriate timing for launching the product or service.

What Are The Services Offered By Baker Tilly?

Baker Tilly offers the following services for preparing Feasibility Studies in Kuwait:

• Preparation of Pre-Feasibility Study Reports
• Preparation of Feasibility Study Reports

Why Baker Tilly?

1. Baker Tilly in Kuwait is a member of Baker Tilly International network based in the UK, ranked amongst the top 10 global accounting networks.
2. Extensive experience in providing Feasibility Study service to companies operating across various business sectors in the State of Kuwait.
3. Highly experienced bilingual team with specialized academic qualifications and professional certifications.
4. Commitment to performing Feasibility Study engagements according to predefined timelines with no delays, and responsiveness to client requirements.