Before launching your project, do a feasibility study.
This study should cover different aspects: commercial feasibility or market study, technical feasibility or technical study, financial feasibility or financial study, economic feasibility or economic study.
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The subject of this article is the aspect of economic feasibility or economic study.
Let's take a closer look at each of these components.
1st component of the economic study: The economic context of the country
One of the first axes to be developed is the economic context of the host country of the project.
Indeed, certain characteristics of the economic system can constitute strong constraints for the project and must be identified upstream:
A study must then be carried out to assess the contribution of the project to the economy.
In fact, it is often necessary to complete the study, and in particular for projects requesting State aid, by analyzing the macroeconomic point of view, that is to say from a point of view. broader view, that of the entire community in which the project must fit.
In this context, it will therefore be a question, beyond the objective of maximizing profits for the company, to evaluate the contribution of the project to the achievement of other measurable and non-measurable objectives of interest to the whole community, c 'that is to say:
3rd component of the economic study: The social impact of the project
The social context should also be considered, to ensure that the project is feasible in this context. Ask yourself the following questions:
With this economic feasibility study you will be able to complete your business plan which is an essential step for the start of a project.
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