Summary of What Is The Importance Of FEASIBILITY STUDY?

Summary of Main Ideas and Concepts

The video discusses the significance of conducting a Feasibility Study for proposed projects in Doha, Qatar. It emphasizes the necessity of assessing the practicality and viability of business opportunities in a competitive market, considering Qatar's high per capita income and development level.

Key Points

• Definition of Feasibility Study:
  • An assessment of the practicality and viability of a proposed project or plan.
• Importance of a Feasibility Study in Doha:
  • Evaluates factors contributing to business success.
  • Determines if a project is worth the investment.
• Market Analysis:
  • Conduct a preliminary analysis to understand market demands.
  • Ensure that product/service descriptions align with target audience needs.
• Technical and Economic Feasibility:
  • Assess technical resources and capacities.
  • Evaluate staffing requirements for project viability.
• Financial Considerations:
  • Analyze return on investment and cost-effectiveness.
  • Consider the pricing that the target audience is willing to pay.
• Legal and Regulatory Factors:
  • Understand legal requirements and laws applicable to the project.
  • Develop a project schedule to estimate completion time and income generation.
• Support from Business Startup Qatar:
  • Offers expertise in conducting feasibility studies.
  • Helps convert business ideas into successful ventures.
  • Assists both new and established businesses in Doha.
• Benefits of Conducting a Feasibility Study:
  • Assess project potential for success.
  • Analyze budget relative to target audience needs.
  • Determine necessary legal approvals and permissions.
  • Identify operational and maintenance issues.
  • Evaluate environmental factors affecting the business.
  • Address potential risks and develop strategies to mitigate them.
  • Aid in finding startup funding and investors.

Methodology for Conducting a Feasibility Study

1. Preliminary Market Analysis:
   • Investigate market demands.
   • Match product/service descriptions with target audience needs.
2. Technical and Economic Assessment:
   • Evaluate resources and staffing requirements.
   • Assess technical feasibility.
3. Financial Analysis:
   • Calculate return on investment.
   • Analyze cost-effectiveness based on target audience pricing.
4. Legal and Regulatory Review:
   • Identify legal requirements and necessary approvals.
5. Operational Assessment:
   • Examine operational and maintenance issues.
   • Consider environmental impacts.
6. Risk Analysis:
   • Identify potential risks and develop mitigation strategies.
7. Investment and Funding Evaluation:
   • Assess opportunities for startup funding and identify potential investors.

Contact Information

• Business Startup Qatar:
  • Mobile: +974 50 343 737
  • Email: info@businessstartupqatar.com

Speakers or Sources Featured

• Business Startup Qatar (BSU Q)

Notable Quotes

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Category

Educational

Video