Are you looking to launch a new business? A new product? Open a new location? Before you do, take a moment to consider if you are truly prepared. Too many small business owners and entrepreneurs look to family and friends for input and advice – people who typically just want to be loving and supportive – without considering the substantial time and financial savings available by working with a professional business development coach or consultant.
As a result would-be business owners often fail due to a lack of proper preparation and proper vetting of their ideas.
In particular, professional feasibility studies and business plan development are essential for taking your ideas to the next stage. These plans are critical not only to ensure the success of the venture, but are often required by private investors before they will fully consider funding a project.
A professional, independent feasibility study will not only add credibility to your overall company and pitch, but will also ensure that the development of your idea is not being driven by subjective, overly optimistic thoughts which tend to permeate entrepreneurs’ plans.
An entrepreneur needs to believe in their idea, but sometimes that blinds them from certain risks factors that could be avoided.
A feasibility study by Eskywell includes: market and consumer demographics and analysis, technical analysis, organizational analysis, financial analysis, risk analysis and resource analysis. These data driven studies utilize sourced data from industry leading research firms as well as studies conducted directly by Eskywell to pinpoint the exact areas of information needed. All research, reports and data are included with a finalized report that ends with multiple reviews by our professional team in regards to next steps and business planning.
Before you spend more time and money on your idea, please reach out to us. You’d be amazed at how much money you could save by working with our professional team – we are happy to share several examples with you. Remember - initial phone calls and discussions are always free with no obligation and we love to discuss business ideas.
We'd love to hear your examples of how proper planning played a key role in your success in the comments below!