Pre-feasibility Studies
Pre-feasibility
studies are well researched yet generic due diligence reports that facilitate
potential entrepreneurs in project identification for investment
The main
objective of the pre-feasibility studies prepared by SMEDA is to provide
information about investment opportunities to the small & medium
enterprises (SME‟s). A typical pre-feasibility study provides:
1. Comprehensive
information for investment opportunity in a business.
2. Specific
information regarding different business areas like, marketing, technical,
industrial information etc. for the existing entrepreneurs to improve their
exiting setup.
3. Project
investment information and financial projections to support viability of the
business.
Project:
It is
defined as a typically has a distinct mission that it is designed to achieve
and a clear termination point, the achievement of the mission.
Idea Generation
Project
selection process starts with the generation of a product idea. The project
ideas can be discovered from various internal and external sources. They may be
1. Knowledge
of potential customer needs
2. Watching
emerging trends in demand for certain products
3. Scope for
producing substitute product
4. Going
through certain professional magazines catering to specific interest like
electronics, computers etc.,
5. Success
stories of known entrepreneurs or friends or relatives.
6. A new
product introduced by the competitor.
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