Sample feasibility study format business plan

This free sample business plan retail store guide is designed to help an owner-manager work up a sound business plan. To profit in business, you need to consider the following questions: What business am I in?

Sample feasibility study format business plan

A feasibility study for your church is also not designed to rubber stamp a decision or proposal already made by church leaders. A Study is Not: It is an analysis of possible alternative solutions to a problem and a recommendation on the best alternative.

A feasibility study is a plan that will define the scope, timing and budget of a building program, and is instrumental in maintaining unity in the body of Christ. The feasibility study will ask and answer the correct questions to determine the most feasible of the possible options that, within the actual financial ability of the church, best meet the needs of the ministry, the congregation and the community.

While no two churches have the same needs, there are general questions every church needs answered Do we need to build, why is building the right thing to do.

Why is the selected church floor plan the right plan for this church? What do we need to build and how was this determined from our needs? What can we afford to build and how will we pay for the building program?

When is the right time to build with consideration to need and financial ability? Where to we need to build and why is that the right decision? In the final analysis Benefits to the Church If you read Insights on Achieving a Positive Church Construction Experience, you already know a few specific benefits to the church; the bottom line being that churches which did feasibility studies tended to have better outcomes.

sample feasibility study format business plan

Increased overall support for the building program. Congregational unity on an appropriate action and timing. Reduced conflict in the planning of your facilities. Increased confidence in the plan, timeline and budget.

Reduction in time commitments for the church leaders and building committee. Elimination of dead-end ideas that waste time, money and effort. Reduced costs in avoiding preventable mistakes. More realistic expectations for the building program, a major factor in overall satisfaction.

A faster, easier, more efficient building program. Do you really think its a coincidence that 2 out of 3 churches rated their building experience as less than excellent when only about 1 out of 3 churches did feasibility studies?

There is a strong correlation between churches that did feasibility studies and the reultilng overall satisfaction with the building program. It is hard to do feasibility studies too early in the church building process. If your church is planning on building in the next 3 years, the time may be appropriate.

A feasibility study can be tailored to just about any circumstance, timeline or budget. One of the things that often comes out of a feasibility study is the need to execute a capital stewardship campaign in order to meet the financial commitments of the building program.

The earlier you run a campaign, the more money you will have for your building program.

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Many churches are surprised to find out how much cash they need to get to the point of being actually being ready to build.

Once in construction, the church can start drawing against a construction loanbut before then the church need a not insignificant amount of cash. A feasibility study will not only highlight the financial issues, but provides the background information necessary for a successful capital campaign.

Conceptual drawings of church floor plans or master site plan can be part of the feasibility study, or done later, depending on the individual situation.

sample feasibility study format business plan

Normally, concept plans are delivered as the final part of the feasibility study, which can dovetail nicely with the capital campaign. If you are prepared to start building immediately, the feasibility study provides a plan, budget, and concept drawings for church approval. The amount of time that the church would typically spend reinventing the wheel trying to learn how to run a building program and then trying to do it right the first time is greatly lessened.

This translates into lower cost, faster results and better buildings! Have a consultant contact you to for a free, no obligation phone conference to answer your questions All Rights Reserved - Copyright c - Contact us for Reprint information about Church Feasibility Studies and Church Plans.Every serious project should be supported with project deliverables checklist that outlines obligatory deliverables and milestones.

This checklist is designed to give an overview of the main deliverables of Initiation and Planning phases.

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Aug 03,  · How to Do a Feasibility Study. In this Article: Article Summary Deciding if you Need to Do a Feasibility Study Performing Market Research and Analysis Performing Organizational and Technical Analysis Performing Financial Analysis Completing the Feasibility Study Community Q&A Do you have a great idea for a new product?

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Aug 03,  · How to Do a Feasibility Study. Do you have a great idea for a new product? Perhaps your homemade apple jam is famous among your friends and family and you've been thinking about turning your hobby into a business. Or perhaps you would like.

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