Feasibility Study
Foreseeing a venture's triumph or failure
A Feasibility Study seeks to determine if a business idea/concept or the expansion plans of an existing business are viable and feasible. Feasibility Study tackles the investments required,the expected return, and external influences on the project such as the State laws, competition, technology development and other factors.
A Feasibility Study is a guide that enlightens the decision-maker on potential benefits or anticipated losses of taking up a prospective venture before investing in the same. It attempts to foresee the future as well as anticipate results of a business idea.
Added value to business entities from Feasibility Study Services
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.
Benefit from proven track record in similar projects.
Services provided by Baker Tilly in The Bahamas
Baker Tilly in The Bahamas, through years of extensive experience, specializes in preparing feasibility studies that are tailor-made to meet each client’s requirements.
We at Baker Tilly have the skills and expertise required to prepare comprehensive feasibility studies addressing your needs making use of our access to recent industry reports and the broad database of information that we have built over years of fruitful service.
Baker Tilly has global professional alliances in various sectors including, but not limited to Engineering, Industrial, Real Estate and Healthcare, which are a key pillar to building the business study and financial model.
Through our approach in preparing feasibility studies, we look at prospective ventures from the following perspectives:
Market Study
Business Model to be adopted when executing a project
Technical Study
Management Study
Financial Model of the Project and its feasibility
Financial and Economic impacts of the project
A comprehensive analysis of the above elements will assist the decision maker in concluding the initiation or rejection of the project.
Hence, reports provided are not only practical and logical, but also maintain the highest standard of quality as they are critically examined by different management experts. Reports are also available for critical evaluation from the client and the firm is required to provide the client with answers to all inquiries.