Feasibility Study Essay Example

(P 1 , 1 17.99 / 170,076.21) of the second year will cover the remaining balance of the original investment, resulting in a payback period of 1.38 years (or 3 years and 4.6 months). The column labeled as "1.50%" indicates a factor of 0.1016, suggesting that the internal rate of return for this investment is very close to 1.50%. The income from "print" steadily increases from the first year to fifth year, demonstrating profitability and feasibility for this business venture.
ACKNOWLEDGEMENT: This Feasibility study expresses gratitude to all individuals who contributed to its completion. First and foremost, we are thankful to our Almighty God for granting us with wisdom and knowledge necessary for this endeavor. We acknowledge His strength and continuous blessings without which our work would not have been possible.

During moments of struggle, we are grateful for His guidance and assistance. We extend our appreciation to Tatty.Joseph Dominic Filtrate for generously providing their house as a location for our study. We are thankful for their support without any expectations in return. Similarly, we recognize Mr.Mark Gill Mace's patience in addressing our inquiries and editing our feasibility study. We are grateful for Mr.Nortek Argon's understanding during our difficulties in completing tasks. He inspired and guided us to successfully accomplish this project.
We would like to acknowledge Atone ay Dave University Tort for developing our skills and enriching our knowledge through the facilities that aided our study.Additionally, we express heartfelt gratitude to our families for their unconditional love, prayers, and support both emotionally and financially.Our parents, sisters, and brothers have been a source of strength and motivation throughout this journey.
Our classmates, friends,and special someone also provided inspiration

guidance throughout this study.We thank themfor understanding usand helpingus completeour taskFurthermore, we commend each other for consistently supporting one another through difficult times. Our project, "print," is an online store inspired by the process of printmaking. Customers can choose from various designs to be printed on their shirts. As an e-commerce business, our manufacturing plant will be located in downtown area, eliminating the need for a physical store. The machinery and materials for "print" will be housed at 842-A Bolton Ice Plant, Bolton Extension, Dave City. With advanced printing technology, "print" will have the capability to create different layouts. Our main goal is to provide customers with personalized shirts that meet their preferences and offer top-quality services.
Project 9 is an e-commerce platform where consumers can directly purchase goods or services online without intermediaries. This type of online shop goes by different names such as e-shop, e-store, internet shop, web-shop, Webster, online store or virtual store and provides a similar experience to traditional brick-and-mortar retail stores. There are two categories of online shopping: business-consumer (BBC), where consumers buy from businesses; and business-to-business (BIB), where businesses purchase from each other.In the field of online retailing corporations in the US market, E-Bay and Amazon.Com are prominent players. The project has long-term goals which include establishing public recognition for its high-quality products and staying up-to-date with customer trends to ensure success. Additionally, there are plans to expand designs to other countries like Thailand, Malaysia, and Singapore, indicating potential future growth opportunities. Feasibility criteria for this project revolve around securing funds or capital. Obtaining financing is crucial either through self-funding or obtaining a business loan from a bank. Individuals

are motivated by the expectation of earning money or generating income when entering into a business venture. Furthermore, this company aims to boost Dave City's economy by providing employment opportunities for residents. To ensure stability and competitiveness in the market, it is crucial for the proposed project to continue operations despite potential risks. Various marketing strategies and promotions will be considered to effectively penetrate the target market such as showcasing services on backbone, Twitter, and the company's website. The project also plans to attract customers through promos like discounted rates for T-shirt designs and membership cards.
To increase public visibility, tarpaulins will be strategically placed one month in advance with an announcement of the online shop's commencement date. It is crucial to generate awareness about the new online shop's presence on the internet. The project thoroughly examines feasibility from multiple aspects, including market feasibility, technical feasibility, financial feasibility, socioeconomic feasibility, and organizational and management feasibility. Establishing a new online retail presence plays a key role in its potential success. The market-feasibility study analyzes factors such as surrounding community demographics, competition analysis, lifestyle trends, shopping patterns, and other influences to determine if a location is suitable for business operations. Data analysis serves as the foundation for determining if a particular location can drive business growth in the market.The "print" service's technical feasibility involves evaluating how it will deliver products and services while identifying potential technical challenges based on business requirements. Various technical solutions are analyzed to ensure effective support for the business with multiple options presented before making a final recommendation.Financial feasibility aims to ensure profitability and minimize risk by delivering a higher return on investment.The study

provides information on the cost, initial capital required, and available sources of financing for the proposed project. It also evaluates cost factors related to payment-processing techniques, electronic funding functions, security measures, and approvals for both e-commerce and regular transactions. Recommendations based on data are given for benefits and areas of improvement. The socio-economic aspect includes creating employment opportunities for the unemployed. The project has potential economic benefits for the community and nearby areas. Personnel involved in its operation are appropriately distributed. The decision to choose an "Online Shop" was made considering profitable cuisines that can be easily accessed through the internet. This type of business is popular among entrepreneurial individuals due to easy internet access and advertising opportunities offered by social networking sites and personalized websites.

"In this competitive industry, there is a project called 'print' that aims to compete effectively as an online shop. It offers customers the option to customize their shirts through a website with unique designs. Customers can visit the store's website and create their own designs. This type of online shop, commonly referred to as a 'print' shop, offers high-quality t-shirts and exceptional services."

In terms of business categorization, the industry is divided into profit and non-profit sectorsThe proposed business can be privately owned or run through a partnership and falls under the profit category. Management needs equity capital to sustain expenses associated with running the business. The investor has chosen to invest PL 20,000.00 in the venture, which will cover costs such as building/house rental, materials, equipment, and other miscellaneous expenses.

Market feasibility research shows that 60% of respondents prefer buying clothes online because it is easy, convenient, saves time, and avoids

physical shopping at malls. Customers come from all over the world, indicating that this business will have a positive reception in the market due to the growing popularity of online shopping.

In terms of technical feasibility, clients will receive high-quality service through easily accessible internet channels while social media websites will be used for advertising. Additionally, the materials and equipment used in this business endeavor are guaranteed to be of good quality and long-lasting.

Financial Feasibility: Despite some risk involved, the project is expected to be profitable and provide a higher return on investment. Detailed information about total project cost, initial capital requirements, and financing options are provided.

Socio-Economic Feasibility: This section discusses how the proposed business benefits the community, other businesses, and national economy.The text discusses employment opportunities, market study, and product demand for the "Print" project over a five-year period. The analysis includes evaluating competitors' advantages/disadvantages and comparing prices. Various marketing programs will also be reviewed to increase awareness of the project.

"Print" is an online shop that specializes in Atone and personally customized shirts to cater to the growing popularity of online shopping. The decision to operate as an online shop was based on students' preference for digital transactions, saving time and effort. What sets "Print" apart from its competitors is its superior printing quality achieved by hiring skilled individuals with expertise in t-shirt printing and effective use of photos.

Customers can conveniently browse and customize their shirts on the retailer's website, which also provides important information such as address, prices, delivery dates, etc. "Print" focuses on creativity and customer satisfaction to provide convenient shopping options for the population of ADD. The target market includes not only

the population of ADD but also friends and relatives interested in Atone designed and customized shirts.

This decision was made based on a survey that demonstrated both the affordability of our products and the frequency of internet usage among potential customers. We aim to make it easy for customers to reach us at any time and request any desired changes to their orders.In the past 5 years, online shopping and t-shirt printing have experienced significant growth. From 2007 to 2012, people preferred online shopping due to its accessibility and user-friendly process. To anticipate demand for our proposed project, we conducted a market survey among students of Atone. Despite another stall selling Atone designed shirts under the brand Gettable in the food court, we wanted to determine if there would still be support for our project. Although evaluating demand for this product is not necessary for comfort or satisfaction purposes, it still holds importance. Table 1 provides projected demand numbers for each year over the next 5 years, indicating monthly unit demand. Additionally, Figure 3 illustrates the Demand Curve showing units of demand for each year.

On the supply side, there are various potential online stores and t-shirt printing press developments that will contribute to continued growth in supplying Atone designed shirts through online sales. About 60% of Atone's population relies on online shopping, causing most shirt businesses to promote their products online. The increasing demand requires new supplies of t-shirts with unique designs. Figure 4 illustrates the Supply Curve indicating the number of units supplied each year.

Furthermore, a Price Study was conducted to analyze competing brands such as Gettable Atone shirts, Papa Shirts, SMS City Dave (Accolade),

and Gaining Mall of Dave in order to examine their price ranges in Dave City.To excel in this sector, it is essential to employ marketing strategies such as advertisements that inform customers about the product and the business itself. The success of Atone's t-shirt business relies on factors like projected demand, supply trends, competitor prices, and marketing programs. We utilize diverse marketing strategies across various platforms to reach our target consumers. Internet advertising through social networks like backbone, twitter, and umber offers a cost-effective means for customers to access and select products from our online shop. Another effective approach involves using tarpaulin/poster displays to visually convey information about people, places, and events. By implementing these strategies proficiently, we can easily gain recognition among consumers. Our online shop for cuisines called "pair-e" will be promoted and advertised through the internet. This strategy ensures convenience, promptness, and accessibility for customers while establishing "pair-e" in the online shop industry. Customers can effortlessly navigate our website using the icons located at the top of each page. Furthermore, Figure 5 presents evidence of how accessible our "pair-e" website is to its customers. Additionally, Figure 6 introduces the individuals behind "pair-e," along with our business's mission and objectives. Lastly, Figure 7 showcases a range of designs and layouts available for customers' selection purposes.