AboutLee Lister Expertise If you are a serious entrepreneur and want to set up your own business or ensure that your existing business is more profitable then let me assist you. I answer questions on business start up, business strategy, business models, business planning, marketing plans, marketing strategy, branding, business tune ups and business improvement. I do not answer any legal or accountancy questions - you should see your own professional adviser about these. If you cannot be bothered to read and rate my answers - I can't be bothered to answer yours!!
Experience Over 20 year’s management, IT and business consultancy experience with businesses large and small as well as being a serial entrepreneur. Business Planning business via www.bizguru.us www.BusinessPlanningPros.com and www.businessplannow.com
Publications A prolific writer and published author, I write on entrepreneurship, project management, bid management and career improvement.
Education/Credentials BA (Hons) Financial Economics
Several Management Qualifications
Question please how do i go about witing a feasibilit study for a company that wants to go into training or manpower development.
Answer Hello Wendy
Sorry for the delay in replying, I have just returned from hospital.
Feasibility Study - is as it states a discussion on how feasible something is. It is usually accompanied by a cost benefit analysis and I suggest that you do this as well.
A Feasibility Study is an exercise that involves documenting each of the potential solutions to a particular business problem or opportunity. It's purpose is to identify the likelihood of one or more solutions meeting the stated business requirements.
1) Start by defining what you want to achieve - that is what is the business requirement that you are trying to achieve.
2) Decide on 3 -4 ways of achieving this requirement - include a "do nothing" option.
3) Add a cost benefit analysis - ascertain the cost and benefits of each option.
4) Decide which, if any, of the options meet the business requirements taking into account the cost and benefits of each option.
5) Recommend which option to take.
In your options you should look at: people, technology, risks, processes and the potential to make money.
You should not really attempt a Feasibility Study unless you have good business analysis and consultancy skills.
