Feasibility Study
Validate Your Concept
Determine the viability of your new project or business idea with our detailed feasibility studies. We assess market potential, economic sustainability, and technical aspects, providing you with the insights needed to make informed decisions about moving forward.
Mikel Consulting's Record of Success
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4,000+
Business Plans
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$1.6B+
Funding Secured
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97%
Success Rate
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100+
Trusted Partners
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90+
Client Countries
Feasibility Study Overview
A feasibility study is an in-depth assessment that evaluates whether a proposed business idea, project, or expansion is practical and likely to succeed. It examines critical factors such as market demand, technical feasibility, financial viability, operational requirements, and legal or regulatory constraints. The goal is to identify potential challenges early, validate assumptions, and provide decision-makers with a clear understanding of the project's potential risks and rewards. A feasibility study is often a prerequisite for securing funding, stakeholder support, or board approval.
How Does Mikel Consulting Help?
Mikel Consulting supports clients in conducting robust feasibility studies by delivering objective research, comprehensive analysis, and actionable insights. Our team combines expertise in market validation, financial modeling, regulatory due diligence, and risk assessment to produce studies that inform strategic go/no-go decisions. We tailor each study to your specific project or concept, ensuring you gain a realistic, data-backed understanding of its viability. Whether you're launching a new product, entering a new market, or starting an entirely new venture, our feasibility studies help you move forward with clarity and confidence.
Feasibility Study Delivery Details
- Evaluates project feasibility from financial, market, and operational perspectives
- Highlights risks, barriers to entry, and project challenges
- Includes break-even analysis and projected ROI scenarios
- Outlines capital needs and resource requirements
- Crafted by experienced analysts with Canadian feasibility study expertise
- Executive Summary & Project Overview
- Market Demand & Target Audience Analysis
- Location, Site, or Operational Feasibility
- Financial Feasibility & Return Projections
- Risk Assessment & Mitigation Strategies
- Resource & Infrastructure Requirements
- Scenario Analysis & Break-Even Points
- Go/No-Go Recommendations
How Our Process Works
Why Choose Mikel Consulting?
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Proven Expertise
Experience: Prepared 4,000+ customized business plans since inception.
Success Rate: 97% success rate for 3,000+ valued clients worldwide.
Trustworthy Team: Dedicated professionals with 24 years of industry experience.
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Time Savings
Efficient Process: Prompt delivery of first drafts within 7-10 business days.
Focus on Growth: Save weeks of work to concentrate 100% on growing your business.
Industry Research: Powered by direct research and hundreds of top industry resources.
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Highly Customized
Custom Solutions: 1-on-1 consultations to understand your business, industry, and goals.
Reflect Your Vision: Create a custom-tailored business plan to best represent your vision.
Maximize Success: Designed to attract funding, increase potential for success, and stand out from the competition.
Feasibility Study Example
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Real Estate Venture
Viability | Planning | Forecasting
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Other Commercial Plans
Investor Decks, Bank Loan Plans, & Pitch Ready Models
Frequently Asked Questions
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A feasibility study is an analysis used to assess the practicality and viability of a proposed project or system. It helps in understanding the important details of how a project can be implemented, the costs involved, potential impact and profitability, and the risks associated with the project.
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The duration of a feasibility study can vary depending on the complexity of the project. Typically, it can take anywhere from a few weeks to several months. Mikel Consulting will provide a timeline based on the specifics of your project and the depth of analysis required.
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Our feasibility studies cover market analysis, operational feasibility, legal requirements, technical requirements, and financial projections. This comprehensive approach ensures that all potential aspects of the project are evaluated.
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A feasibility study is crucial as it:
Prevents wastage of resources by determining if a project is viable before significant investments are made.
Identifies new opportunities that may not have been previously considered.
Provides an objective analysis that helps stakeholders make informed decisions.
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Yes, we can tailor our feasibility studies to concentrate on particular areas of concern specific to your project. Whether you need a deep dive into market feasibility or a detailed financial analysis, we can adjust the focus based on your requirements.
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We typically need detailed information about the proposed project, including your business goals, project scope, available resources, and any preliminary research you may have conducted. We might also require access to relevant data points or stakeholders for interviews.
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Mikel Consulting employs experienced analysts who use proven methodologies and up-to-date market data to ensure our studies are accurate and reliable. We also engage with industry experts and use advanced analytical tools to validate our findings.
Let’s Build Your Study
Reach out for a quote or a free consultation. We typically respond within 24 hours.
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See our full range of business planning and strategy services for founders and operators.
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