As the company want to open a new branch of that foot ware company so developing any new business venture is difficult. Taking a project from the initial idea through the operational stage is a complex and time consuming effort. So that’s why we make feasibility report for that purposes
Theses are the five important types of feasibilities
Here we evaluate issues like location, marketability, funding, and maintenance by using our feasibility analysis.
First of all as we think to open a new branch then the first think appears in our mind is that location. What is the location of that branch? Location play very important rule in a business. A major portion of a business depends on location of the branch.
As we open a branch of foot ware in the market of gold then our business can’t run as we open same branch of foot wear in the specific market of foot wear then our business will run with efficient way. So that’s why location play very important rule in business.
Market is very impotent factor for opening a new branch of business. Because if we chose wrong market for our product then our product will be fail and can’t be run and then chances increase to shut down the business. So it is very important that we chose the market related to our product and also related with customer demand. Customer demand affects the product sale volume in market. If we chose the market for our product where the demand for that product is very high then we will get the maximum profit from that product. As in this given question we see that Dandy Shoes Private Limited want to open a new branch. So marketability is very important factor to open a new branch.
Funding is another factor used for open a new branch of business. It also very important for open a new branch. As we think about to open a new branch then we have to need of fund. It is not sufficient that we open a new branch the main thing is that after opening branch to continue that branch and manage the fund. For that purposes we have to keep a strong back up which is ore than the amount which we invest in to the market in case of any loss we pay that loss from that back up amount. So keep view about the funding is very important for open a new branch. If we can’t proper manage our funds then we can’t get success in that business.
The last factor in open a new business is that “Maintenance”. Maintenance is that we use any good in business then we must have its repaired and changed facility. Its very important factor for a business. Because if we have no facility of maintenance then we can not run our business with efficiently. Because if we want to change the set up of branch then we have to pay large amount and set up will be change completely in this way business get loss and will be shut down. And can’t be run with efficiently way. So maintenance is very important for a business in this way we can do a little change in this business like we can change office equipment then we can do it easy. So with out this factor we can not run our business with efficiently way.
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