Because nearly 40% of businesses fail in the year they are established, and only 10% of ideas for the establishment of new businesses are feasible, considerable losses can be avoided if a business is researched before it begins. This research takes the form of a feasibility study.
A feasibility study represents the first look at the enterprise in the business planning process. If the project is …
A business plan is critical to the success of any venture and is an indispensable management tool. Planning will help you improve efficiency, productivity and competitiveness, ensuring your business is well-positioned to meet the challenges and opportunities ahead. A well thought-out business plan will also help in any fund raising proposal. It is vital for businesses who wish to interest potentia…
A business plan is critical to the success of any venture and is an indispensable management tool. Planning will help you improve efficiency, productivity and competitiveness, ensuring your business is well-positioned to meet the challenges and opportunities ahead. A well thought-out business plan will also help in any fund raising proposal. It is vital for businesses who wish to interest potentia…
Many a small businesses lack proper control systems because they are focused on production or service issues. The business may be too small to employ an accountant, let alone a person concerned with quality control.Having a control system allows you to monitor, measure and adjust where necessary your organisation’s performance, whether it be sales, production capabilities, or general efficiencies.…
Don’t have time to conduct any research? Having difficulties obtaining information to assist you in your marketing and/or business planning? Dow Group can conduct secondary research for your company using a wide range of sources.Undertaking market research has several benefits:
It minimises the errors in operating a business;
It forms the basis for planning;
It increases the proprietors’ m…
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