Before beginning work on the design and development of new outpatient
facilities, the team at Calisher & Associates, Inc. always conducts
a thorough feasibility study. This allows them to determine whether or
not it is worth going ahead with the project, or if it would be best to
consider moving the location or changing a number of other factors. A
good feasibility study should contain the following elements.
Competitor Analysis
No new business of any kind should open its doors before determining whether or not they will be facing any competition. Established companies may prevent you from building a client base, which could lead to failure of the venture before it ever gets off the ground, so be aware of the competition you face.
Budgeting
You should already have an idea of the sort of budget you wish to stick to as part of the project, so consider the various costs that the project will generate at this stage. While this won’t be set in stone just yet, the study will allow you to determine if you can comfortably afford to carry out the project.
Your Approach
Before the development stage begins, there will likely be a number of ideas floating around in regards to how best to deliver the project. Be sure to consider each of these at the feasibility study stage, allowing you to determine which ones have potential for further exploration.
A Review
With all components put in place, Calisher & Associates, Inc. finds that it is best to conduct a full review of the feasibility study with all involved parties. This allows for the highlighting of any issues that were not spotted during the course of the initial study.
Competitor Analysis
No new business of any kind should open its doors before determining whether or not they will be facing any competition. Established companies may prevent you from building a client base, which could lead to failure of the venture before it ever gets off the ground, so be aware of the competition you face.
Budgeting
You should already have an idea of the sort of budget you wish to stick to as part of the project, so consider the various costs that the project will generate at this stage. While this won’t be set in stone just yet, the study will allow you to determine if you can comfortably afford to carry out the project.
Your Approach
Before the development stage begins, there will likely be a number of ideas floating around in regards to how best to deliver the project. Be sure to consider each of these at the feasibility study stage, allowing you to determine which ones have potential for further exploration.
A Review
With all components put in place, Calisher & Associates, Inc. finds that it is best to conduct a full review of the feasibility study with all involved parties. This allows for the highlighting of any issues that were not spotted during the course of the initial study.
