Índice
One of the most frequently asked questions before undertaking any project or creating a company is what are the chances of success. The truth is that we do not have a crystal ball to know, but we can have a prior idea of the feasibility and profitability of our initiative. How? By using a viability plan, a tool that will serve as a roadmap to face the challenges of the business adventure.
In this post, we will talk about the advantages of the viability plan and the steps to follow to prepare it. Read on and learn how to create your own!
The viability plan is a strategic document that analyzes whether a new project will be sustainable and profitable, therefore, it is essential to implement it before undertaking any business idea. It is not limited only to financial aspects but rather draws a map of the state of the market, competition, possible risks and economic projections. Ultimately, with this plan you will be able to make informed decisions, you will be able to anticipate challenges and draw up strategies to take advantage of opportunities.
In this context, a professional specialized in financial analysis will be in charge of developing the viability plan. With his knowledge, you will be able to explain in detail the financial aspects of the business, make realistic projections, evaluate risks and offer a strategic approach. This document is then inserted into the business plan.
As we have commented so far, having a viability study is essential both for people who start a company and for workers in an organization who start new projects. Also if you are thinking about making an investment you have to take into account the advantages of developing a viability plan:
Now, let’s go on to detail the steps to follow to prepare your viability plan and those key points that cannot be missed. Take note!
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