Feasibility Studies

A well-researched and well-written feasibility study is critical when making "Go/No Go" decisions regarding entry into new businesses.

A Feasibility Study is a process which defines exactly what a project is and what strategic issues need to be considered to assess its feasibility, or likelihood of succeeding. Feasibility studies are useful both when starting a new business, and identifying a new opportunity for an existing business. Ideally, the feasibility study process involves making rational decisions about a number of enduring characteristics
of a project, including:

• What exactly is the project? Is it possible? Is it practicable? Can it be done?
• Economic feasibility, technical feasibility, schedule feasibility, and operational feasibility - are the benefits greater than the costs?
• Technical feasibility - do we 'have the technology'? If not, can we get it?
• Schedule feasibility - will the system be ready on time?
• Customer profile: Estimation of customers/revenues.
• Determination of competitive advantage.
• Operational feasibility - do we have the resources to build the system? Will the system be acceptable? Will people use it?
• Current market segments: projected growth in each market segment and a review of what is currently on the market.
• Vision/mission statement.
• Definition of proposed operations/management structure and management method.

Westar Trade Resources has years of experience in researching, developing, and managing feasibility study reports. Let us assist you in your decision-making process.

"I met Cindy approximately two years ago while attending a USDA Rural Development meeting.  I was there gathering information about building a Bio Diesel plant.  There were several grant writers attending that meeting, however Cindy impressed me the most.  Eventually our company decided to build a Bio Diesel plant and hired Cindy to write our feasibility study and prepare grant applications.  To date she has written two grant applications for our company, both of which were awarded for a total value of $800,000.  In working with Cindy, I found her to be very knowledgeable, well informed, well known in her industry and dedicated to her work.  In addition to Cindy writing our grants, we hired her as a consultant for our company, because of her knowledge of the Bio Diesel and Ethanol industry.  I am highly recommending Cindy Thyfault to anyone in need of her services."

Wayne Mixon
Southwest Energy & Feed, LLC