Why conduct a feasibility study?
The third sector is fragmented and there are many charities, NGOs, and housing associations that have matured and now recognise they need to innovate to achieve sustainability and to grow. A feasibility study enables organisations to do thorough research on the benefits and costs of a new business opportunity and to prepare a clear action plan for implementation. Often organisations that provide funding ask for applicants to provide a feasibility study. Who would benefit? This product is for organisations that have decided that change is necessary and need to get clarity on the feasibility of a particular course of action. This will benefit particularly the senior management and boards of established organisations that: • Have identified one strategic option, and need greater clarification before commitment. • • Are seeking to develop a social enterprise and want to consider the feasibility of one or more option. Services For a feasibility study, our service includes: • Advising you on
