Business Feasibility Study
A component of our Concept to Product programme is this service. In order to help you determine how to move forward with your business concept, Perfect Deal assist you with evaluating your project idea and completing a thorough feasibility analysis. We acquire the necessary information, examine it, and then provide you with a thorough feasibility analysis.
What are the steps of a business feasibility study ?
Planning
The project is discussed with the team during the planning phase, and a detailed project plan containing project expectations and goals is established.Together, we design a project plan that will serve as the basis for the following parts of our company feasibility research process.
Research
We begin the research step after establishing the project's overall purpose. At this point, our goal is to gather information on the project. The information is pertinent to the four sections of the feasibility study for the project (technical data, market data, financial data, and organisational data). To ensure the correctness of the final feasibility study report, it is crucial to ensure that the data is accurate.
In order to produce an accurate and comprehensive data report that will be thoroughly examined during the following step, our team does the necessary research with the assistance of the startup team.
Report
Your team receives a final feasibility study report from us that includes all the data we collected and the research we did. We also provide you our feedback, observations, and ideas regarding the project that is being planned and the effects of both alternatives for moving forward or not. The majority of the time, we refrain from making final judgements and instead focus on outlining the research and conclusions for you and your team to review carefully and choose what will work best for you.
We also give you the advice and assistance you need if you want a second opinion before deciding whether to move forward with the intended project.
What are the types of Proof of Concepts for startups ?
- Proof of Concept for Startup: Technical PoC
Technological PoCs can be used to test new technologies, determine their viability, and determine how interested clients could be. Also, they can assist designers in identifying any potential issues with their designs and in learning how to build something from the start.
- Proof of Concept for Startup: Business PoC
For evaluating novel business models in the real world, business PoCs are extremely crucial. They can aid business owners in gathering input from actual customers, determining whether their idea is practical, and identifying possible market segments. Also, they can aid business owners in confirming their presumptions regarding consumer behaviour and industry trends.
Whether a business idea is technological or not, we assist entrepreneurs in validating it through our Idea to Product programme. Before beginning work on the production, we evaluate the idea’s advantages and disadvantages as well as the market’s need for it by doing a market and competitors analysis. This can help us better grasp the product or service’s growth potential. Check out our service for business competitive analysis.
- Proof of Concept for Startup: Marketing PoC
Businesses utilise marketing proof of concept as a technique to test their product or service in a safe, controlled setting. The objective is to ascertain whether the good or service meets its objectives and whether it may be expanded. Although it may take many months, this procedure is frequently worthwhile because it enables businesses to understand how their new product or service interacts with existing goods and services as well as gauge how much revenue they are generating.
- Proof of Concept for Startup: Financial PoC
By proving that the firm can produce revenues and maintain a steady flow of cash, a financial proof of concept is used to gauge the startup’s profitability. It demonstrates the startup’s financial health before it begins to seek angel investors for funding. Financial analysis, modelling, and scenarios can be used to do this. The next phase would be to obtain startup money for a project from business owners or governmental bodies if it was thought to be practical and possible.
What are the benefits of a Proof of Concept for Startup?
You might think of proof of concept as an investment in your future. You’ll later save time and money by putting your idea to the test to discover if it can work. You can further improve your idea by seeking early input from prospective clients or collaborators. Providing proof of concept also fosters trust among potential clients or investors. They are entrusting you with their money, therefore if they don’t think the idea has a chance of succeeding, they won’t invest.
We Provide Top-Notch Opportunities To All Kind Of Entrepreneurs
- Fill the form and send your basic details
- Our entire team will focus on your mission.
- Premium support for FundRaising
