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Conducting a Professional Feasibility Study: A Guide for Entrepreneurs
A feasibility study is the difference between a calculated risk and a blind gamble. In the Nigerian business landscape, many startups fail not because the idea was bad, but because the "Market Reality" was never researched.
### The Five Pillars of Feasibility
A professional study covers five critical areas: **Technical, Economic, Legal, Operational, and Scheduling (TELOS)**. You must ask: Do we have the technology? Is it cost-effective? Are there regulatory hurdles? Can the current team handle the workflow? And can it be done in time?
### Market Demand Analysis
The most vital part of our consulting at uniSupport is the Demand Analysis. We use primary field surveys and secondary economic data to determine if people will actually pay for your service. We move beyond "guesses" to provide hard numbers on market share and ROI. Whether you are building a private hostel or a tech hub, a professional feasibility report is your most important document when approaching investors or banks for loans.
### The Five Pillars of Feasibility
A professional study covers five critical areas: **Technical, Economic, Legal, Operational, and Scheduling (TELOS)**. You must ask: Do we have the technology? Is it cost-effective? Are there regulatory hurdles? Can the current team handle the workflow? And can it be done in time?
### Market Demand Analysis
The most vital part of our consulting at uniSupport is the Demand Analysis. We use primary field surveys and secondary economic data to determine if people will actually pay for your service. We move beyond "guesses" to provide hard numbers on market share and ROI. Whether you are building a private hostel or a tech hub, a professional feasibility report is your most important document when approaching investors or banks for loans.