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Feasibility Studies – An Insight from Inspiry Consultant for Your Business

As we know lately this year, COVID – 19 has crushed many business backbone. And now, 2023 nearly approaching, is there any chance that we came back stronger ? World economical state isn’t stable yet, economic circular not yet perfectly run, our backbone hasn’t straight yet. We have to face multinational problems blow by blow, hit by hit, leaves us almost in recession stage caused by surged inflation. Russian – Ukraine war made the “cut” deeper. While in Europe, will head to an economic recession in the last quarter of 2022, according to the European Commission's autumn economic forecast. The EU's executive revised up its inflation forecast from July, predicting that prices would peak at year-end and remain high in 2023. Inflation will average 9.3% in the EU and 8.5% in the eurozone for 20221. Meanwhile the annual inflation rate for the United States is 7.1% for the 12 months ended November 2022 after rising 7.7% previously2. Many economic enthusiast & professional predict, inflation in US will be “slightly lower” at the end of 2023. And what about Indonesia ? Is there any strong reason to built a new business ? or even an business expansion ? We’ll explain to you at your door, with simplicity yet insightful.
Indonesia, a country with 64 million SME (Small Medium Enterprise) by October 2022, or we called it UMKM (Usaha Mikro, Kecil, dan Menengah). With that numbers, Indonesia can be one of steady and firm developing country since SME are one of Indonesia economic backbone. Well, we can’t deny, at highest peak of COVID – 19 era, many SME are collapsed. But at this end of 2022, we face 2023 with readiness. Although many social media influencer said we will fall into recession pit at 2023, we have prove that we can stand against inevitable economical storm.
There are many positivity we can learn from previous years, and there’s a glimmering hope for 2023. But still, there are few things that you as investor, or as a business owner need to consider before establish your new business, or even spread your existing business wings on 2023. One of them are, preparation. Proper and precise preparation would save your investment. Without comprehensive preparation, your investment might be going waste, leave you without a trace. We offer you an intense accompaniment with that preparation. One of business essential preparation is Feasibility Studies.
What is Feasibility Studies ? Feasibility Studies are an activity to identify current and upcoming problems yet also any chance. Also an activity to set an objective and market situation research. Inside Feasibility Studies, we also assess cost, collateral cost, potential revenue, or even benefit. Feasibility Studies also assessing risk, mitigation, and find alternate problem solving3. So why Feasibility Studies are so essential before you build your business empire ? Feasibility Studies are foundation for you to take a critical decision because it provide you market research update, alternate business model, reliable data, and project viability. The essence of Feasibility Studies are Viability. What kind of Viability ? Market Share, Management Model, Operations & Technical, Business Model, Economical & Finance Model, and Risk Management Strategies. There are few common Feasibility Studies methods like ; S.W.O.T Method, Porter Five Forces, and so on.
We, PT. Inspiry Indonesia Konsultan, would be glad to help you out to provide Feasibility Studies of your business entities. Why must PT. Inspiry Indonesia Konsultan ? Trusted over 150 client, lead by experienced practitioners, professional & experienced teams, flexible yet reliable, focus on quality, trustworthy, and comprehensive accompaniment. We focus on your business goals and growth, help you minimizing risk and provide you legitimate data for your decision. No more waste on your investment, ready to run, dare, and leap with us. PT. Inspiry Indonesia Konsultan.