Get expert feasibility study services from BMS Auditing in the UAE. We provide financial, market, technical, and legal insights to assess your business project's viability and ensure success with data-driven strategies.
With BMS Auditing, ensuring feasibility study services in the UAE, businesses can make well-informed decisions about the prospect of new projects or ventures undertaken. Our detailed feasibility studies identify potential markets, HR structures, financial viability, and other features critical to your business. With our detailed analysis of competitive dynamics, economic conditions, legal frameworks, and technical risks, we help you make well-informed decisions and devise strategic plans that pave the way for sustainable business success.
Why Do a Feasibility Study?
The UAE is an expanding economy and a good location for business ventures. But success depends on how well the right business approach is understood and how all the factors within your operations and external to them will influence it. A feasibility study would help you spot these factors, which would then let you predict opportunities, perceive challenges, and reduce risks before major investments.
A feasibility study is a thorough study of all the technical, financial, and legal factors governing whether the project or business idea can be successfully undertaken. At BMS Auditing, we conduct in-depth feasibility studies to ascertain and cover positive or negative ramifications so that the project's viability is ensured before initiating the project.
Objectives of a Feasibility Study
A feasibility study is one of the significant services designed for businesses looking to launch or expand. It allows you to:
- Know everything about a proposed project or idea of a business
- Understand the potential obstacles that would prevent successful implementation
- Understand whether the project is worth pursuing through an intensive investigation
- Calculate how much capital one may need to launch it and then to operate the business
- To avoid risky or unsuitable business ventures.
- Estimation of returns that shall be realized from an investment, among other benefits.
Importance of Feasibility Studies
A good feasibility study benefits your business in the following ways:
- Gives the best possible structure and running a business.
- Flagging any potential challenges and hindrances the business may face.
- Amount needed for funding to get the business running.
- Making attractive marketing strategies to attract investors.
- Relatively transparent and actionable data that supports your decision-making process.
How We Conduct a Feasibility Study
Our feasibility study process includes:
- Key Consultation with Stakeholders: We consult investors and key stakeholders on the new project and their thoughts about it.
- Data Analysis: A scrutiny of data towards accuracy and reliability.
- Market Research: Organized surveys, studies, and collection of data regarding market demand.
- Financial Planning: Making detailed financial projections in the form of income statements and balance sheets.
- Go/No-Go Decision: Developing a conclusive opinion on whether to pursue the business or project or not.
Feasibility Studies by BMS Auditing
- Financial Feasibility Study: This study determines whether the project can produce sufficient revenue to recover start-up and operating expenses. The key factors that interest me are start-up costs, cash flow projections, and ROI through models like the Net Present Value (NPV), Internal Rate of Return (IRR), and Payback Period, to name some.
- Market Feasibility Study: We assess the level of demand in the market for your product or service by tracing out the market trends and describing competition as well as customer demographics as key elements that will aid in estimating the sales potential and your market position.
- Technical Feasibility Study: This is a study to identify the technical requirements of the project including delivery methods, technological infrastructure, requirements of labor, and logistical considerations so that the project is executed flawlessly.
- Executive Feasibility Study: We assess how good the organizational structure of the company is, and the qualifications of the management team to ensure there is an adequate set of business and technical skills to effectively run and sustain the business.
Why choose BMS Auditing for your Feasibility study?
- Our company is an authoritative business partner with any enterprise in the UAE, offering feasibility studies that meet your requirements. Here's why you should hire us:
- We are rich in years of experience and have conducted various feasibility studies of different industries.
- We would examine all aspects related to your business idea, including financial, technical, market, and legal factors.
- We deliver detailed feasibility reports with actionable insights to help you make wise decisions.
- Tailor-made solutions and feasibility studies to be custom-tailored to the needs of your business
- Commitment to Success: We work closely with you to identify opportunities and mitigate risks, ensuring your long-term business success
Our Services
Apart from the aforementioned feasibility studies, we have a broad range of services that will propel your business to become a successful venture, among them:
- Accounting & Bookkeeping Services
- Auditing & Assurance Services
- Tax & VAT Filing Services
- Due Diligence & Risk Management
- Business Consulting & Strategic Planning
Get started with BMS Auditing
Ready to have your business idea or project assessed? Contact BMS Auditing today to talk to our team of professionals. We will define the feasibility of your project and help you step by step in all directions by providing data-driven insights along with strategic advice.
