Feasibility studies are indeed crucial for assessing the viability of a business concept before significant resources are invested.  Preparing an in-depth feasibility study is essential when planning on establishing a new business, especially in Qatar.

This study serves as an outline, including many important components to evaluate the feasibility and potential success of your business concept. Every aspect, from financial estimates to legal frameworks, is crucial in determining how your company will develop. 

In certain cases, the feasibility study may develop into a complete business plan, particularly when applying for industrial land and loans or when applying for bank financing. 

A thorough feasibility study generally covers several relevant areas:

• Business Overview and Legal structure: In this section, you receive an outline of your business concept and the legal structure which will govern its operations.
• Product or Service Specifics: Understanding market demand and competitiveness requires having comprehensive knowledge of the products and services that that your business is going to deliver.
• Market Assessment: It’s important to understand the state of the market. This entails creating a thorough marketing plan and evaluating the competitors, market size, share, and gaps.
• Technical Assessment: For operational efficiency, it is critical to evaluate technical needs such as labour, technology, raw material costs, project location, and production processes.
• Financial Assessment: Understanding on the company’s financial viability can be determined by estimating investment expenses, revenue projections, profit and loss statements, and financial indicators like ROI, IRR, and break-even analysis.

Types of Feasibility Studies/Business Plans:

• Market Feasibility Study: Assess the demand for the product or service in the target market.
• Technical Feasibility Study: Evaluate the technical requirements and feasibility of implementing the business concept.It covers technology assessment, infrastructure analysis,Resource evaluation and risk assessment
• Financial Feasibility Study: Analyse the financial aspects, including projected costs, revenues, and profitability.
• Operational Feasibility Study: Determine whether the proposed business operations are feasible and sustainable.
• Organisational feasibility – An explanation of the company’s corporate and legal frame; this might include data about the founders, their professional history, and skills they have that can help the company begin and continue the operations.
• Strategic Business Plans: Define the long term goals and purpose of the business. This study covers swot analysis, strategic objectives,action plans for implementing strategic initiatives
• Business Continuity Plans: Risk management,Contingency planning, Recovery plans for restoring operations and update continuity plans and provide training to personnel to ensure preparedness.  
• Business Cases:  This study identifies the business problem that the project aims to address. Solution overview, Cost-benefit analysis, risk assessment associated with the project

Pan Global Consultancy proficiency in conducting Feasibility Analysis and formulating Business Strategies in Qatar

It is crucial to choose a consulting firm that has a thorough understanding of the local financial landscape while entering Qatar’s dynamic market. Pan Global Consultancy is a reliable brand that is well-known for its skill in creating custom business plans that are suited to the particular market conditions of Qatar and performing viability studies.

Our Expertise;

With a track record that extends over 24 years, Pan Global Consultancy has played a significant role in assisting companies in Qatar and the GCC area to achieve profitable and sustainable growth. Because of the depth of knowledge and experience on our team, we are able to provide thorough feasibility studies, which are the cornerstone of wise decision-making and sustained success of the business.