Strategic Business Plan and Financial Feasibility Studies (2024)

Strategic Business Plan and Financial Feasibility StudiesBaz Consultants2021-03-22T20:29:21+00:00

Strategic Business Plan and Financial Feasibility Studies

The Strategic Plan provides a blueprint, describing your company, its products, the competitive environment, management team, financial health, and business risks. Our business planning process is intense, thorough, and highly collaborative. We work closely with you to understand your goals and vision, research your markets and competitors, and develop your business plan. Although most clients hire us to write a business plan they often find that the process they go through developing a plan is ultimately more valuable than the documents themselves.

During our business planning process, we will help you and your team refine your business model, identify your most profitable customers, fine-tune your marketing plan, and improve your sales projections. We provide an objective view, so your final business plan makes a statement that is based on reality, yet exudes confidence.

Projected financial plans allow you to effectively predict upcoming problems, or prevent them. In other words, the perspective gained through your Strategic Business Plan can make a significant contribution to your company’s success, and help you get the funding you require. In fact, most lending institutions and private investors will not even talk to you without a solid financial plan.

Business Plan Development Process

  • Initial discussion(s) to understand your needs
  • Preparation and execution of an engagement agreement
  • Several in-depth interviews to better understand the details, develop strategies and agree on all major elements of the Business Plan and Financial Forecast
  • Conduct additional research and formulate additional strategy and tactics, as needed
  • Draft a Pitch Deck (Investor Presentation) and review it with you to ensure that all parties agree on the big picture. Note that the Pitch Deck will have many gaps at this point; we will use placeholders and incorporate facts, figures, and financial projections as they become available.
  • Draft the Executive Summary and review it with you to ensure that we all agree on the next level of detail
    Prepare an outline of the Business Plan
  • Fill in the details of the Business Plan. Obtain and incorporate your feedback as we go
  • Customize our Financial Forecast for your business. Populate assumptions with rough, educated guesses. Work with you to refine the assumptions. Teach you how to use the model so that you can explain it to your audience with confidence
  • Finalize all deliverable, including editorial review and additional graphic design/layout work if needed
  • Of course, we understand that every client has different requirements and we will tailor our approach to meet your needs
    We assess opportunities to single out the optimal ones and create plans for effective market penetration. So far, we have helped out a sustainable number of organizations including Banks, MFIs, NGOs, Healthcare, Textile, transport, entertainment, manufacturing, real estate, dairy, cryptography, sports, oil & gas, fuel station, departmental stores, etc., even, to decide over the feasibility of proposed projects in an array of investment and infrastructure projects.

Strategic Business Plan and Financial Feasibility Studies (1)

Strategic Business Plan and Financial Feasibility Studies (2)

Due Diligence

We at BAZ Consulting address a range of financial, strategic, and operational issues as part of the due diligence process. We assess the financial position of the target and come up with indicators like management, earnings history, cash flow, and future growth potential. We also assess the quality of assets and liabilities; compliance with tax regimes, working capital to offer you much-needed insight when going into any deal.

Operations improvement is another area in which Baz Consulting can look into with a keen eye. We look at the quality of management at the target, target’s outlook in front of key stakeholders, and investigate its performance improvement systems and opportunities for savings.

Human resources and IT are additional fields where we can provide you with due diligence services. Baz Consulting also evaluates the attractiveness of the market segments simultaneously keeping up with the market for suitable alternatives for the future.

Investment Analysis and Management

Our analysts will closely examine a company’s fundamental business operations before any new ventures are undertaken. We want you to know the company’s history of earnings as well as the strength of the company’s products and services and the management team. Baz Consulting excels in providing such service that aids you in planning for the future helping out in diverse areas typically investments into industry, enterprise, and infrastructure.

Our pool of consultants specializes in business valuations, cost-benefit analysis, economic analysis, life cycle cost-and-profit analysis, operations research, business case development analysis and evaluation, risk/uncertainty analysis, and alternatives analysis, so under our program, no stone remains unturned and you can go into that investment with confidence.

Strategic Business Plan and Financial Feasibility Studies (3)

Corporate Finance Advisory

In a national competition between companies is superseded by mergers and growth efforts. Such mergers also mean consolidation of financial powers; which indicates the importance of financial consulting for establishments. Establishments are in need of professional guidance to be able to increase their efficiency and quality and maintain customer satisfaction.

Baz Consulting under the scope of corporate finance advisory provides services relating to mergers, purchase, valuation, financing, debt structuring, and any kind of the project; and also provides establishments with an efficient solution for their problems. For instance, there may arise a legal problem during the process of merger or purchase. Things that should be done to completely remove and eliminate such legal problems can be easily identified by Baz Consulting’s professional staff.

If you have any query, feel free to contact us on the given phone number or simply fill out our online form.

    Strategic Business Plan and Financial Feasibility Studies (2024)

    FAQs

    Strategic Business Plan and Financial Feasibility Studies? ›

    Business plans focus on outlining the strategic direction of the company and attracting investors, while feasibility studies aim to assess the practicality of a project before significant resources are invested.

    What is the difference between a business plan and a feasibility study? ›

    In summary, a feasibility study is a preliminary assessment of the potential success of a project, while a business plan is a detailed document that outlines how a business will be run.

    What is financial feasibility of a business plan? ›

    Financial feasibility describes whether or not your project is fiscally viable. A financial feasibility report includes a cost/benefit analysis of the project. It also forecasts an expected return on investment (ROI), as well as outlines any financial risks.

    What are the similarities between business plan and feasibility study? ›

    Similarities between the two documents include: Timing: Both are initially done before the business opens, and can be conducted again later to determine the next steps on future ideas. Input: Both include input from several individuals or departments that have different skills.

    How do you write a feasibility study for a business plan? ›

    How to write a feasibility study
    1. Describe the project.
    2. Outline the potential solutions resulting from the project.
    3. List the criteria for evaluating these solutions.
    4. State which solution is most feasible for the project.
    5. Make a conclusion statement.
    Mar 10, 2023

    Which comes first business plan or feasibility study? ›

    The feasibility study is conducted before the business plan. A business plan is prepared only after the business venture has been deemed to be feasible.

    Is feasibility study a part of business plan? ›

    The Business Feasibility Study is used to support the decision-making process based on a cost benefit analysis of the actual business or project viability. The feasibility study is conducted during the deliberation phase of the business development cycle prior to commencement of a formal Business Plan.

    What are the four major elements of financial feasibility? ›

    The four major elements to be included in a financial feasibility analysis include the​ following: the initial capital​ requirements, estimated​ earnings, time out of​ cash, and resulting return on investment.

    What is an example of a financial feasibility analysis? ›

    Financial feasibility analysis is when you study a project if it is financially viable after taking into consideration its total costs and probable revenues. For example, if the cost of developing a new product will incur $100,000 and its expected increase in revenue will be around $300,000.

    What is the purpose of a financial feasibility study? ›

    A feasibility study is designed to help decision-makers determine whether or not a proposed project or investment is likely to be successful. It identifies both the known costs and the expected benefits. In business, "successful" means that the financial return exceeds the cost.

    Who should prepare a business plan? ›

    Although it is common and often preferable to have someone help you write the business plan, the founders are ultimately responsible for creating the ideas and content of the business plan.

    What are the key components of a business plan? ›

    The 10 Components of a Business Plan
    • Executive Summary. Your executive summary should appear first in your business plan. ...
    • Company Description. ...
    • Market Analysis. ...
    • Competitive Analysis. ...
    • Description of Management and Organization. ...
    • Breakdown of Your Products and Services. ...
    • Marketing Plan. ...
    • Sales Strategy.
    Mar 1, 2024

    When should the feasibility be tested? ›

    Some reasons to do a feasibility study include: You are considering a major change or investment. You want to assess the viability of a new business or product. You need to understand the risks and potential rewards associated with a project.

    What is a strategic business plan? ›

    “A strategic plan assesses the current environment of a business, both internally and externally. It establishes future goals and targets and describes the strategies it will implement to reach them.” In other words, a business plan describes a current business or a specific new project.

    How much does a feasibility study cost? ›

    In our experience, the cost of a feasibility study may range between 20,000 USD and 500,000 USD. All the factors explained above may determine the final price which must be subject of analysis by experts in the topic. Make sure you hire the right consultants to deliver you feasibility study or business plan.

    What is an example of a feasibility study on business? ›

    Market feasibility studies assess the potential market demand and acceptance for a product or service. They examine market size, customer preferences, competition, and market trends. For instance, a market feasibility study for the restaurant might analyze the demand for similar cuisine.

    How to do a financial feasibility? ›

    7 Steps to Do a Feasibility Study
    1. Conduct a Preliminary Analysis. ...
    2. Prepare a Projected Income Statement. ...
    3. Conduct a Market Survey or Perform Market Research. ...
    4. Plan Business Organization and Operations. ...
    5. Prepare an Opening Day Balance Sheet. ...
    6. Review and Analyze All Data. ...
    7. Make a Go/No-Go Decision.
    Apr 19, 2023

    What is required for financial feasibility? ›

    Financial Requirements

    The feasibility study addresses the subject of the availability of supplies and raw materials, and assesses the startup and operating costs for obtaining these supplies. Financial elements include exploring possible sources of startup funds, as well as prospective lenders and terms of borrowing.

    How do you calculate financial feasibility of a project? ›

    When considering the financial feasibility of a project, the following issues need to be considered: • Determining the investment costs and the way they are achieved over time; determining daily / monthly operating costs; • Forecasting revenue, based on estimated sales and pricing policy; • Projection of revenues and ...

    How do you write a financial feasibility report? ›

    Top 10 Steps to Writing a Feasibility Study Analysis Report
    1. Identify the project you wish to undertake and clearly explain it. ...
    2. Ensure your market statistics and analysis is up to date. ...
    3. Identify any legal hurdles that must be overcome. ...
    4. Financials. ...
    5. Use of proceeds. ...
    6. Risk Factors. ...
    7. Exit Strategies. ...
    8. Scale the business.

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