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Why do a Feasibility Study for Educational Institutions

2/3/2017

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The Education sector in India is poised at a crucial stage in its growth. India’s demographic advantage of having a large population of youth presents a huge opportunity to education sector players. On the other hand, the growth of the Indian economy and upward movement of income levels is boosting student spend on Education. The interplay of all these factors has made Education an attractive sector with multiple opportunities, as can be seen by the high growth many players are witnessing and pursuing.

However, the fruitfulness of this sector does not mean that every educational institution will be a success. There were many cases where a bunch of these investments has failed. So, it’s advisable to do a proper feasibility study before making such investments. Let’s take an example of a higher education program (colleges) for better understanding.

First, conduct a competitive analysis of your local competition. What similar programs are other colleges and universities offering at the same level (Associate’s, Bachelor’s, Master’s, Certificate, etc)? Figure out the content these competitors are offering, their class schedule, number of credit hours in the program, tuition cost, and other factors that are going to matter to prospective students. An informed business consultancy will have the tools necessary to investigate your competition and gain the competitive insight necessary to determine if another college or university already holds a substantial portion of the market share (which would tell you that competition will be steep for that program).

Next, investigate the labor market demand through occupational supply and demand research. The business consultancy will determine the current and projected demand of professions that graduates of the potential program would qualify for, ensuring that the market is not inundated and there will be job opportunities available for graduates. This data will bolster the credibility of the program with internal stakeholders, as well as provide valuable marketing material for prospective students.

The next step is to survey the prospective student population to gauge interest in the potential program. It is also valuable to know the needs of the potential student population with regard to class schedule, pricing sensitivity, etc. For example, if you’re hoping to offer an MBA program, there’s a good chance that night and weekend options will be desirable for some prospective students (many of them may have a full time job during business hours, have family obligations, etc), but that is dependent on other lifestyle and geographical factors that need to be considered when determining the best audience for the program. By knowing the needs of the prospective population during the setup phase of program creation, the college is in a stronger position to garner internal administrative support and external interest.

Thus, with the help of proper feasibility study an organization will be in a better position to succeed and exploit the immense potential of the growing educational sector.

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How to do financial feasibility study for a township project?

17/2/2017

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Over the past few years, the real-estate marketplace has shifted to favor purpose-built townships. Vacancy rates are dropping, average rents are rising and buildings are selling for some of the highest prices ever seen. Developers and investors have been impressed by how well the sector has performed over the past decade, and many are looking to enter the market.

However, a developer or an investor cannot assume that they can just build a new township and expect the renters to come. Developers and investors should analyze whether these high investment projects are financially feasible. A financial feasibility study is an assessment of the financial aspects. It considers many things including start-up capital, expenses, revenues, and investor income and disbursements. Thus, a township project is considered financially feasible, only when the return on the project (or investment) equals or exceeds the required return of the investor.  

A feasibility study requires researchers to look at target markets in depth and identify the best properties to invest in. A lot is riding on their skill, as developers, builders, financiers and investors need to know the answer to key questions before construction starts. Such questions include:

1. What is the depth of the market?
2. What unit mix, amenities and features are appropriate for potential renters in that market?
3. What are the highest rents that can be charged?
4. 
Should certain lifestyle renters be targeted?

Ultimately, an impartial feasibility will provide a potential investor whether they should build and what they should build. This way, a new township could meet the target marketplace most efficiently, generating the highest rents for the lowest cost, improving net operating income and the ultimate value of the property.

Potential developers or investors should never conduct their own feasibility study on a property. Investors who conduct their own feasibility study are too close to the investigation, nonobjective, or limited in their experience. It is too tempting to let wishful thinking drive conclusions, and a lack of experience thwarts an investor’s understanding of the nuance of the market.

An objective and thorough feasibility study is best achieved by industry experts who have no financial stake in the outcome of the project. These experts are able to take the long view and provide investors with the advice they need to hear, rather than the advice investors want to hear.

Hence, a well-chosen independent consultant will be the best person to conduct the financial feasibility. Independent consultants have access to resources that individual investors do not. In addition to long experience in the field, consultants can rely on an army of field surveyors who can visit as many of the comparable rental properties as possible.

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New Venture Tips #4

16/9/2016

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Know what you know, what you don't know and who knows what you don't.

No one knows everything, so don't come off as a know-it-all. Surround yourself with advisors and mentors who will nurture you to become a better leader and businessman. Find successful, knowledgeable individuals with whom you share common interests and mutual business goals that see value in working with you for the long-term.
*Ameen Ahasan Strategy Consulting (AASC)*
http://www.ameenahsan.com/

*Experts in Project Reports, Strategy Reports and Business Plans*
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New Venture Tips #3

16/9/2016

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Writing a business plan for your new business:

Investing time and focus in creating a detailed, well-structured business plan will give you direction and help your business become a success. Your business plan is essential for your business. It sets the direction for your business and keeps you on track once it's up and running. You'll also need a business plan for securing finance for your business.

*Ameen Ahasan Strategy Consulting (AASC)*
http://www.ameenahsan.com/
​
Experts in Writing Business Plans.
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New Venture Tips #2

16/9/2016

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Conduct market research into your business idea.
​
Before you venture into your new business it's important to conduct some market research to see if your idea is feasible. You need to find out if there is a need for your product or service and who your competitors are, their strengths and weaknesses and how your business will differ from theirs. Putting the effort into researching your idea will help you determine whether you can turn your idea into a profitable business, or not.
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*New Venture Tips #1

16/9/2016

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There are thousands of business opportunities in the market. But choose a business you love to do, more than its profitability. So that you have the guts, strength and passion to stay with it during the struggling phase (which every business will encounter).

*Ameen Ahsan Strategy Consulting (AASC)*
http://ameenahsan.com/

Experts in Project Reports, Strategy Reports and Business Plans
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9 factors to be considered while doing a Bakery Feasibility study

1/1/2016

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In order to assure the quality of foods served in India, the government has formed agencies like FSSAI (Food Safety and Standards Authority of India ).  5 months ban on Nestlé’s Maggi made around 450 CR lost for the company (Business Plus Dec 2015). Now a day’s ban on food products has become a daily news. So food manufacturers and distributors like Bakery owners have to consider some thinks before they enter into the business.

1.      The first and foremost thing to be considered while starting the bakery business is to identify whether there is a good customer base or not.

2.      Bakery business offers different types and modes like Production, wholesale, retail etc. The strategies have to be taken according to these modes.

3.      If it is production or wholesale the location should be available at cheaper price, but availability of electricity and water are very important as well as it has to be confirmed that the location has 24 hours power supply and easy transportation etc.

4.      If it is retail, the location should be somewhere in the city or highways were the end customers have easy access.

5.      Retailing alone is not a good option. Because it will reduce the profit margin and increase the bargaining
power of suppliers.  

6.      The products and services has to be delivered according to the customers. So identification of customer’s taste and preference is highly important. A Market study will be a solution for this.

7.      It has to be confirmed that all legal requirement are to be met for the smooth running of the business.

8.      Don’t compromise on Equipment’s Quality: since the  re-configuration/rearrangements of equipment are extremely costly, fixing of low quality equipment is a highly risky factor.   

9.      The competition is high in the industry, so innovative products/service and proper advertising are required, to attract and retain more customers.

Every food or food based business should have a personality of its own, differentiating it from competitors, which we call, its business model. Engaging professional consulting firms will help in developing the unique business models based on the feasibility studies. At AASC, we deliver such requirements of the client in various industries, including the hotels and hospitality sector.

To know more about how AASC can add value to your existing business or new upcoming project, please call +91 8606 556 318
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Author: Savad, PGDBM (Edxel-UK), works as Junior Business Analyst at Ameen Ahsan Strategy Consulting.
Email:  info@ameenahsan.com
Mobile: +91 8606 556 318
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11 Factors to consider while doing feasibility study for a hotel project in Kerala

23/12/2015

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1.       Comparing to other businesses, asset appreciation businesses like Hotels, demand detailed feasibility studies to avoid higher risks.

2.       Capital intensive investments like hotel projects should be done only by proper market and financial feasibility studies

3.       Since the relocation and reconfiguration of Hotels are highly difficult and extremely costly, the hotels rely heavily on an effective location strategy to succeed in the competition to attract hotel guests to rent their rooms.

4.       Spacious location is one of the most important factors for a new hotel establishment.

5.       The location should be either Tourist (pilgrims/ leisure/travellers) spot or Business spot

6.       Should have closer Accessibility to Airways, Railways and Road ways (high ways) etc.

7.       The location should have space for customised/special amenities and Parking.

8.       Continues demand is the key to success for any business.

9.       Star rating is the common indication for customers about the facilities and features available in the Hotel.

10.   The preferences of customers vary according to their income class. And in order to assure the demand, it is important for new Hotel developers to identify the most potential customers in the preferred location.

11.   Identification of these factors are possible through different feasibility studies.  

Every hotel property should have a personality of its own, which we call, its business model. Engaging professional consulting firms will help in developing the unique business models based on the feasibility studies. At AASC, we deliver such requirements of the client in various industries, including the hotels and hospitality sector.


To know more about how AASC can add value to your existing business or new upcoming project, please call +91 8606 556 318
-----
Author: Savad, PGDBM (Edxel-UK), works as Junior Business Analyst at Ameen Ahsan Strategy Consulting.
Email:  info@ameenahsan.com
Mobile: +91 8606 556 318
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