Prof. S D RathodB N Bandodkar College of Science Thane, Maharashtra, India
What we need to concernA Feasibility Report is simply a Business Plan. Feasibility Report is a detailed study that examines the : profitability, feasibility and effectiveness of a proposed investment opportunity. should be prepared before one undertakes any business or expands the existing one
1. Introduction To The BusinessPlan This section contains the following: Name of the Business Purpose of the Business Legal form of the Business Business Owner(s) Amount and type of loan required Period loan will be repaid Purpose of the loan Expected results
2. Description Of The Business In this section, you need to describe the basic idea about your business and how the idea came into being. Why do you think the market need your product/service? Which group of people will you offer your product or service? What are the appealing features of your business over that of your competitors and why do you think you will be successful? Detailed description of the business Research done on the business Appealing factors of the business Factors that will determine the success of the business.
3. Description Of Product Or Services This section will contain the product(s) or services you will offer to the public. Specify the products and how they are produced. How are they compared to similar products or services? Here you will also specify the quality of your products, differences as compared with those of your competitors.
4. Marketing And Sales This section will contain the following information: Who are your target market? How many people are there in the locality? What do you have to offer that is different from your competitors? What are the channels of promotion? What are your prices? What other marketing elements will distinguish your business? Customers Competitors Location Advertising and Promotion Pricing Sales and Credit Terms Other marketing elements Estimated Sales
5. Operations Materials And Sources Of Suppliers The purpose of this section is to determine what materials you will need for the business and where you will get them. Without regular supplies it will be difficult if not impossible to produce your goods for sale e.g. A bakery will not be able to bake without a regular supply of flour. Equipment And Tools Here you will have to list all equipments that you will need in the enterprise. Details and specifications of the equipments should be included. If possible, you can include a proforma invoice from the suppliers of the equipments as this is required by the Banks in evaluating application for credit. Production Technology This section is necessary for businesses involved in production or assembling of products. Wholesalers, Retailers or Service businesses should skip this part of the plan. The purpose of the section is to explain the production process step by step from raw materials to finished product.
6. Finances Sources and Uses of Funds Proforma Balance Sheet Profit and Loss (Income) Statement Proforma Cash Flow Break-Even Analysis Major Risks and Assumptions
7. Supporting Documents/Appendices Resumes of Key Personnel Past Financial Statements ( for existing businesses) Price quotations of equipments Brochures of Equipments C of O or Title of property Lease contract of land or building Business registration papers Addresses of Suppliers Personal Awards or certificates of Skills
8. Suggested topics Ornamental fish market Ornamental fish shop Local fish market setup Fishery development and restoration Preservation and processing project Fish farming (integrated with crops, piggery, poultry etc.) Fish product export Salvaging the trash fish product Fish craft and gear development Procuring deep sea resources Fishery byproducts (chitosan, exoskeleton, manure,