Home Entrepreneurship How to Prepare a Good Feasibility Report

How to Prepare a Good Feasibility Report

by Olufisayo
Published: Last Updated on
Feasibility Report

Since good planning is a prerequisite for the survival and success of any business, we’ll like to discuss how to write or prepare a good Feasibility Report using a good feasibility report template.

Without proper planning, a business may head towards failure if corrective measures are not taken in time. A Feasibility Report is simply a Business Plan. Feasibility Report is a detailed study that examines the profitability, feasibility, and effectiveness of a proposed investment opportunity.

The report, no matter how elaborate, should be prepared before one undertakes any business or expands the existing one.

A feasibility report can be prepared by the prospective investor or consultancy firms who charge fees depending on the value of the project and how elaborate is the proposed investment opportunity. Based on the Feasibility Report, the entrepreneur can decide to accept or reject the project.

If the project is viable and acceptable, the entrepreneur has to estimate the initial capital outlay and decide on where and how to raise the funds.

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The Uses of Feasibility Report

The Feasibility Report can be used by the entrepreneur in the following areas:

  • To meet the stipulated requirements of financial institutions. For instance, banks and other financial institutions giving loans to start business executives demand a Feasibility Report of the proposed investment.
  • To provide the basic information for effective decision-making with respect to the proposed investment. By showing the market potentialities, technical and financial implications of the proposed opportunities, the feasibility report enables the entrepreneur to accept or reject the project.
  • To assist the entrepreneur in developing future plans for the organization.
  • To serve as the basis for measuring the performance of the proposed business.

Components of a Feasibility Report

No two feasibility studies have identical components. However, there are certain critical aspects that must be present in a good feasibility report. Below are the feasibility report format

A typical feasibility report format is as below:

The nature of the business, Management, Teams, Financial and Economic Analysis, and Marketing plan. In other words, the major areas covered by the feasibility study can be divided into nine major areas namely:

  1. Introduction
  2. Description of the business
  3. Market consideration – A preliminary Evaluation
  4. Management Team
  5. Technical Specifications and Production plan
  6. Marketing Plans
  7. Examination of the critical risks and problems
  8. Financial and Economic plans
  9. Evaluation and conclusion

Photo by Mikael Blomkvist from Pexels

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74 comments

Salam Olaitan June 5, 2011 - 1:30 PM

Good to know sites like yours exist. I’m a student needing some examples on Feasibility report. Kindly help in this regard.

ojeah joseph January 10, 2012 - 11:04 AM

i’m also a student but have some ideas on your question examples of feasibility report 1.Aluminium furniture

umer January 30, 2018 - 3:58 PM

AOA! plz send me the sample feasibility report about the fitness center .

olams June 9, 2011 - 11:02 PM

i am very happy to discover this site coz i think its going to help me get an A in entrepreneurship development.

Olufisayo June 10, 2011 - 9:31 AM

Thanks Olamide, we are happy to have you on our site.

awe adeyemi July 8, 2011 - 1:15 PM

I read thru and I am satisfy with your write up. thanks

Olufisayo July 8, 2011 - 5:11 PM

Hi Adeyemi, thank you for been satisfied and giving us a feedback, we really appreciate it. Do help us share with friends and Facebook and Twitter.

Joan July 17, 2011 - 4:07 AM

Thank you for sharing your knowledge!

Olufisayo July 18, 2011 - 9:38 AM

Thanks for dropping by Joan, we appreciate it.

Rita Amaka July 20, 2011 - 12:29 PM

please i need details on this topic: feasibility report and various opinion that should be considered in the Bead making industry in a small scale firms

parth August 3, 2011 - 8:09 AM

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Sam August 18, 2011 - 6:20 AM

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Olufisayo August 18, 2011 - 9:43 AM

Thank you very much Sam.

Olayiwola Olugbenga Moses June 3, 2015 - 6:02 PM

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fisayo@iroy.in September 23, 2011 - 12:24 PM

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Jackson Egede September 28, 2011 - 3:52 PM

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Olufisayo September 28, 2011 - 5:02 PM

Thanks Jackson! We appreciate your kind comment and thanks for stopping by.

Sreejith Panickar October 13, 2011 - 8:45 AM

Thank You Sir for this details
Happy to know about this site
Want to know about the same

kelicia November 30, 2011 - 7:01 PM

thank you. this was so much help.

Umair December 24, 2011 - 7:12 PM

hi
I am a employee with a multinational company.
i need help for my new project, we have a very huge piece of land and i am asked to make a feasibility report and proposals for proper usage of that land.

i want to give a proposal to my company for 3 things with feasibility .
1. printing press
2. mineral water plant
3. school for training students

i need help in writing a proposal with a feasibility report

can anybody help me with this please
thanks and regards

Sajjad Basit May 4, 2012 - 2:16 PM

I intend to prepare a pre-feasibility report for setting up a printing press. I earnestly would like to have some tip that can help in preparing a short and meaningful pre-feasibility report on above said project. Even if could get some core tips/ heading to report/ quote in pre-feasibility that really will help me a lot. However, I appreciate in advance for all the help will be done for my project. PS. any reader can even help me and I shall welcome him/ her. Thanks and best wishes.

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[…] How To Prepare A Good Feasibility Report (Part 1) […]

Enny March 23, 2012 - 4:22 PM

This is very beautiful. People need to dee this more often and understand how to start businesses

Olufisayo March 24, 2012 - 6:43 PM

Thanks for the comment Enny, we are glad we could help

Fahad November 1, 2012 - 5:30 PM

Am very galad to see your support for the people , I have gained a knowledge from here and now I have the capability to prepare a full pre-feasibility report, thanks again for your support.

Muhammad Safyan Arshad March 29, 2012 - 1:51 PM

Great

deepak choudhary March 29, 2012 - 5:24 PM

nice to see this site and ……………this site gives so much help,,,,,,about Feasibility report

Rashmi April 3, 2012 - 4:16 AM

Hi, you provide a wonder full information………happy to know that there are website like yours on the internet……thank u very much

Mark kenny May 13, 2012 - 4:12 PM

Superb! This wil surely be of help to many aspiring to be an enterprenuer. U ar blessd

gift chihuta May 15, 2012 - 3:13 PM

i appreciate this facility as it works hand in glove with my current study and may you continue with your support

Joseph N. N. Swen May 30, 2012 - 10:02 AM

I am so so grateful for this site. I am Pre-College Lecturer in Entrepreneurship and SME Management. Wonderful site to research from.

Olufisayo May 30, 2012 - 1:27 PM

Hi John! Thanks for dropping your comment. We are glad we could help. Help spread the word!

adetona k July 5, 2012 - 11:39 AM

this is a good innovation,this will go a longway to help business plan of any nature

abutesleemah July 5, 2012 - 7:07 PM

This is a wonderful site,pls give nugget on preparing feasibility report on a petrol station.I’m writing one for class seminar.
thanks

balogun eniola July 13, 2012 - 6:50 AM

Hi, I love your write-up on feasibility report but I need format and ingredients of writing a comprehensive feasibility report for office complex and (2) on hotel appraisal. please can u help me out with a sample report. Please forward to my mail, any charges? reply. thanks.

michael favour July 13, 2012 - 6:53 AM

This is a wonderful site,pls give nugget on preparing feasibility report on a petrol station.I’m writing one for class presentation.
thanks

qaraman July 25, 2012 - 9:02 PM

thanks but want more informayion about entrepreneurship

sofia September 4, 2012 - 4:06 PM

Haiii….
I am a stydent and i need a feasibility report on circuit breaker as soon as possible.
plz do help.

sofia September 4, 2012 - 4:09 PM

Haiii….
I am a student and i need a feasibility report on circuit breaker as soon as possible.
plz do help.

yawedo September 29, 2012 - 8:52 AM

i appreciate this facility as it works hand in glove with my current study and may you continue with your support

vikramm September 30, 2012 - 8:47 AM

well it wass realiyy helpfull

albert basira October 3, 2012 - 1:04 PM

i appreciate it, as i have got now knowledge of writing a feasibility report

Anita Okere October 5, 2012 - 11:54 AM

This is a master piece. Easy, precise and straight to the point. Well done

Bridget Norman November 1, 2012 - 2:50 AM

Hey
I am a study I need to write a feasibility reports on anything related to health care. Please I need help I am trying to write on therap documenting system for health care provider.

biks December 29, 2012 - 3:00 PM

its a good about feasibility report but give me information about pre-feasibility report as well. thanks

Bidex January 14, 2013 - 4:11 PM

Please can a get a detailed analysis of how to put up a good feasibility report?
i will appreciate a prompt response to this.
Thanks.

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Mohsin Mir March 28, 2013 - 6:42 AM

Good Morning,Can anyone please send me a feasibility report on a mini cab office in London.Thanks

tabrez April 11, 2013 - 11:01 AM

sir

i want to prepair one report for exit door which is i have noted during inspection found every thing correct, so what is the technic.

Thanks.
tabrez

oluwaponle adeolu tosin May 31, 2013 - 9:21 AM

Nice… Thanx for the stuff.. Ah like it xo much buh ah have a question. Sir. As an enterpreneur, a retired man who received N500000 came to u on how to spend the monery effectively. Pls what is ur advice to him.

chinedu February 12, 2014 - 9:45 PM

pls i need a written feasibility study to start a small electrical shop. Thanks and God bless u.

lawal March 2, 2015 - 9:52 AM

Nice write up sir. Pls can u help me with a feasibility report on toilet wash. Thanks a lot in anticipation of ur response

mo March 12, 2015 - 6:07 AM

Thank you. I am glad I came across this. I am currently working on a feasibility report to introduce one of Unilever product into an international market where it does not exist. I need your assistance. Thanks

sikiru olarewaju June 16, 2016 - 11:25 PM

hi Mr olufisayo ! I am a student of FUT minna, I was writing a feasibility report when I came across your site. its really great. and I want to say thank you for that.

Olufisayo June 17, 2016 - 6:19 AM

Thanks for the feedback. We are happy we could help.

Asen Japheth July 20, 2016 - 3:23 AM

In fact as I was reading through this, I envisaged Capital ‘A’ in entrepreneurship education. thanks to d authority of this work.

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millionnaire October 14, 2016 - 11:38 AM

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abayomi March 15, 2017 - 6:15 PM

very insightful post. Kudos to the author

Bluelion April 2, 2017 - 5:19 PM

It was really awesome to have found your site cos I surf the Internet but I will say this site is well grounded and very knowledgeable, this site is the mother to great entrepreneurs Kudos and thanks cos you just extricated me from the dilemma of creating a feasible business plan.

Chizzy February 26, 2018 - 1:18 PM

please sir , I need the format of feasibility study with explanation. thanks

Maria April 12, 2018 - 10:36 AM

how can we write simple feasibility report ? anyone can help me because its my assignment

Fanyam Alex April 23, 2018 - 4:44 PM

I so happy to see that you are doing a wonderful job here. I wish you could send me a feasibility study on yam production. Thanks

Philip Isaac Essien June 4, 2018 - 5:07 PM

pls sir, i need a format of feasibility study of building a Multipurpose Hall (event center).

Oladele June 30, 2018 - 9:26 PM

Please I need a feasibility study on cell phone business. I would be glad if the response swift.

Thanks

saheed September 13, 2018 - 1:03 PM

i need a feasibility report on production of bread using the composition of groundnut shell flour and wheat flour, can you please help me out

xbabe November 12, 2019 - 11:08 PM

Also, look at this Project Feasibility and Option Analysis Template to find out how to perform an analysis of alternative approaches.

sat prep December 26, 2019 - 1:07 PM

Excellent web site you have here.. It’s difficult to find high quality writing like yours nowadays.
I seriously appreciate individuals like you! Take care!!

Mori Butrus February 27, 2020 - 2:47 PM

Thanks for the site, I would like to know the contents of a feasibility study report and perhaps their descriptions as in Entrepreneurship..

Mubarak Haruna June 10, 2021 - 5:50 PM

I need a complete sample of feasibility report sample, because I was given an assignment to conduct a feasibility report of any business in Nigeria. It is urgent please help me out.

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