ADWAIT.H.

MALASHE
ROLL NO: 22

EXPERIMENT NO:-9

Topic: Technical feasibility report.

 Begin or End With an Executive Summary
The word "summary" is key here. Highlight the key points of each
section you'll include in your technical feasibility report. You can do this
in advance to provide yourself with a sort of guideline or skeleton to
follow as you prepare your study. It is often easier and more concise to
write it after you've finished, so you have the information you want to
include right in front of you.

A technical feasibility study assesses the details of how you intend to

deliver a product or service to customers. Materials, labor,
transportation, where your business will be located, and the technology
that will be necessary to bring all this together. It's the logistical or
tactical plan of how your business will produce, store, deliver, and track
its products or services.

A technical feasibility study is an excellent tool for both troubleshooting

and long-term planning. It can serve as a flowchart of how your products
and services evolve and move through your business to physically reach
your market.

 Calculate Labor Requirements

You can't run a business, offer services, without the help of others and
that help will cost you. Even if you start your business as its only
employee, you'll have to add to your labor pool at some point if you plan
to grow.

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You can break labor into categories if necessary, such as senior-level

management, office, and clerical support, distribution staff, professional
staff including, accountants, engineers, and marketing, and fulfillment
employees—those in the mailroom or shipping department.

 Transportation and Shipping Requirements

How will you transport items if you must send them from one place to
another? Smaller items can be shipped via local carriers, DHL, or USPS,
but heavy or bulk items must be transported via a trucking company.

If you're shipping perishable items, you'll need special overnight

handling. You might also need special permits to ship certain items, and
nonprofit organizations should consider applying for discounted postal
rates. These are all things that affect the “how” of moving your goods
from one place to another.You will need a licensed distributor

 Calculate Marketing Requirements

It is a crucial consideration because your business will fail without them.
It's something investors will be keen to know. Go beyond simple
advertising plans, although this is important, too. Exactly what type of
advertising campaign do you plan to launch? Will you lean more heavily
on print media or other options and what consumers will you target?
Explain why they would want to buy from you rather than any of your
competitors.

 The Physical Location of Your Business

Where you run your business will have an effect on your success. If
you're starting in a home-based office, determine when and if you'll need
a “brick and mortar” office at some point in the future—office
space outside your home. Will you eventually need warehouse facilities,
your factory, or your trucking facility? Will you require a retail

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storefront or any other purchased or rented facilities to conduct your

business you should have to know about it.

 Technology Requirements to Run Your Business

Every business needs at least some kind of technology to operate. The
technology component of your feasibility study should include
discussions about telephone answering systems, computer hardware and
software, and inventory management. Don't overlook items like cash
registers and potentially the ability to accept credit cards and process
checks.

 Summary of the Technical Feasibility Study

Be sure to include all the technical requirements of your business from
distribution to customer receipt. This information will help investors
know more about the operations of your business.

Having a great idea for a product or business isn't enough—you have to

show how you can make money from it. The technical feasibility study
addresses the physical and logistical mechanics of it, and how you'll be
able to get something into the product and back out the door to
customers.

ENTERPRENEURSHIP DEVELOPMENT(22032) EXP NO:9