Starting or expanding a business involves a great deal of research and uncertainty. A certified feasibility study can help lenders and borrowers determine if a proposed business endeavor is achievable.
A Feasibility Study is a viability analysis to understand whether or not a specific project, venture, or approach is realistic and feasible. The study must be based on reality --- not pure speculation or abstract theory and must assess viability from three angles: external market, internal operation, and investment performance. The reasons for needing a feasibility study are straightforward. They can identify the logistical, financial, and market challenges of a proposed project by evaluating:
For these reasons, most SBA and USDA loans require a certified feasibility study on the proposed business conducted by an accredited company. Those performing the feasibility study should be a non-biased, third-party company with financial analysis, technical writing, and research experience.
A feasibility study is an excellent way to identify opportunities while simultaneously mitigating risk. When done correctly, these studies will clearly lay out the technical and economic feasibility of the business as a whole or a project under consideration. The well-executed feasibility study will also include market analysis, management evaluation, and a financial viability assessment that enables your leadership team to more accurately measure the probability of successful outcomes for the business or project. Further, a feasibility study has the potential to provide a business with a roadmap for successfully navigating potential challenges.
RSI & Associates, Inc. has performed Certified Feasibility Studies on companies throughout the US – all of which are SBA and USDA compliant. RSI’s vast collection of studies is spread across various industries from hotels to housing developments, RV and boat storage to car washes, sports centers to medical facilities, oil and gas expansions to national security contractors, and more. The RSI Team has expertise in financial forensic analysis, business appraisal, fairness opinion, collateral and earnings examination, exit strategy consulting, project management, technical writing, and due diligence research.
Regardless of your requirements, you can rest assured that RSI’s feasibility studies will accurately represent your need. RSI has experience in and around the Houston, TX area and has performed many feasibility studies for businesses there. If you reside in Houston or the surrounding areas and are interested and/or need a feasibility study, please contact RSI & Associates, Inc. today by calling 361.994.8095 or request a proposal at clientservices@RSIvalue.com. You can also fill out the form at the bottom of our homepage.
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