Through detailed analysis, Boyette can determine if a specific venture should be pursued. Feasibility studies guide your investment of time and money and offer innovative implementation plans.
Forecasting the viability of a concept involves a multi-step approach of qualitative and quantitative research. Our team considers various factors related to an idea’s purpose, likely supporters and investors, competitors, and organizational structure. In order to guarantee that our analysis is unique to your organization, Boyette conducts initial due diligence to gain a better understanding of your competitive landscape and to clarify your desired outcomes for the project.
Feasibility studies require significant secondary research to identify similar initiatives within and beyond your geography. This comparative component reveals the applicability of your organization’s idea in other contexts, and yields potential opportunities for business partnerships and support. Additionally, our team’s stakeholder engagement widens the scope of the concept and locates advocates and prospective investors in your community. Collectively, our research provides direction to refine your idea and ensure that it will create collaborative opportunities between your lead organization and potential customers or users. Boyette’s employment of an economic development lens enables your organization to understand its overall values and opportunities, positioning your business ideas within the broader community.
And Financial & Organizational Review
Many organizations have applied our Feasibility Studies services to their practices, ultimately leading them to implement their new business ideas. When you are looking to explore disruptions or innovations, begin with a founded starting point. Contact us today to learn more about our Feasibility Studies services.
“What we believe is really unique about this facility (The Point at Otterbein University) is that we’ve brought the community in; we’ve brought businesses in as tenants; and we’ve brought our academic programs all together, collaborating in one facility.”
– Erin Bender, Executive Director of The Point