Harvey Goldstein serves as the president and director of Harvest International, Inc., and has been a resident in Southeast Asia for more than 40 years. Harvey Goldstein also holds a position with Business-Link Consultancy, PTE, LTD, which is based in Singapore. Further, he was instrumental in founding the Manchester Group, a group of companies providing a wide spectrum of consulting services to entrepreneurs, including project financing, government liaison, and feasibility analyses for new project ideas.
The purpose of a feasibility analysis is to determine whether time and finance should be invested in a proposed project or idea. This is an important preliminary step in the development of a business concept, and ideally takes place before a full business plan is developed. Professionals evaluate many aspects of the proposed project and introduce several scenarios before making an assessment. Some of these aspects include the market environment, legal issues, environmental concerns, risk factors, and sales strategies.
A business feasibility analysis sometimes investigates feasibility based on the Dimensions of Business Viability Model: market, technical feasibility, business model, management model, economic and financial models, and exit strategy. Professionals may also use such traditional strategies as the SWOT analysis, PEST, and Porters Five Forces. The results of a business feasibility analysis are compiled into a formal report to facilitate decision making.
The purpose of a feasibility analysis is to determine whether time and finance should be invested in a proposed project or idea. This is an important preliminary step in the development of a business concept, and ideally takes place before a full business plan is developed. Professionals evaluate many aspects of the proposed project and introduce several scenarios before making an assessment. Some of these aspects include the market environment, legal issues, environmental concerns, risk factors, and sales strategies.
A business feasibility analysis sometimes investigates feasibility based on the Dimensions of Business Viability Model: market, technical feasibility, business model, management model, economic and financial models, and exit strategy. Professionals may also use such traditional strategies as the SWOT analysis, PEST, and Porters Five Forces. The results of a business feasibility analysis are compiled into a formal report to facilitate decision making.
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