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

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