WRITING OF BANKABLE BUSINESS PLAN/FEASIBILITY STUDY FOR DIFFERENT PROJECTS

I write bankable business plan/feasibility study that is always detailed. We usually go as far as producing 5 years financial summary, conduct viability test of project using capital budgeting decision tools, prepare loan amortization schedule and financial projections etc.

Essentially, importance of feasibility study or business plan in starting a business can not be over emphasized. It is conventional wisdom that new businesses be planned prior to their start-up hence prospective business founders are generally advised to develop formal plans of their proposed ventures. For instance an empirical study has found that 20% of non-planners failed within three years. This correlates with the dictum that “failing to plan is planning to fail”. Thus, businesses that want to maintain a firm grip on its market share require strategic and comprehensive planning. There is therefore correlation between performance of a new business and business plan or feasibility study. Business plan gives a small business a strategic direction.

A business plan is a document that contains specific information about a business, and its future is essentially becoming an imperative document in the development of SMEs.