Feasibility study of setting up a business Assignment

Feasibility study of context of use up a business - Assignment ExampleThe primary objective of this study is to find bring out if it is feasible to set up a fitness/gym shop.Secondary ObjectivesThe secondary objectives are principally research, analyses and evaluations.The following types of research testament be undertakenResearch into the local economy. Household incomes, unemployment rates as strong as demographics within the local orbit have a significant influence on the victory of the proposed business. Finding out and analysing those figures give be necessary to evaluate as accurately as possible. aboriginal Research into the target market. This is a vital part of the whole study, as it depart tell near consumer deprivations and wants. It depart reveal whether there is an interest in such a shop and because be helpful in order to decide if setting this business up will be feasible.Analysis of primary research. The findings of the different types of research will p rovide this study with an overview of the demand of the proposed business. However, financial limitations will lead to outcomes that are not completely reliable. Therefore it is necessary to justify the conclusions made.Research into the market. Analysing this market will be of use to decide on which strategy is most appropriate. Assessing the competition the proposed business is going to spunk will help to adopt suitable marketing strategies. Spending habits as well as holes in the market will hopefully be spotted.Analysis of secondary research. The secondary research gathered will be vital in order to create a marketing plan. The findings about competition and demographics will reveal where it is most suitable to set up the shop.Investment Appraisal. In order to decide where to determine the proposed shop an investment appraisal will be carried out. Qualitative factors are going to be... The result of the early part of the survey reveals a lot. It shows that those who buy suppl ements purchase them on the lucre, which concludes that there is no or barely any competition in the area. The result that 99% would like to get consultation in that area explains why there are only 20% buying those products. There is a lack of noesis about supplements like why it should be taken, by whom, when and how much. From the result that 96% of those buying these products get it from the Internet it can be concluded that they received little if any consultation. As the intention is to employ ply with knowledge about nutrition this can be seen as a good selling point. The 4% who buy supplements elsewhere got them from the fitness centre they are member of. However, those studios are very limited because you need a nutritionists degree to sell them.