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FEASIBILITY STUDY and PRELIMINARY BUSINESS PLAN

FEASIBILITY STUDY and PRELIMINARY BUSINESS PLAN 2025

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The document is a feasibility study and preliminary business plan for establishing a soybean crush plant, soybean oil refinery, and/or biodiesel production plant in Gratiot County, Michigan. It includes an analysis of the market demand for biodiesel, financial feasibility, site selection criteria, and management requirements. The study indicates that while there is potential for a stand-alone biodiesel plant with an annual capacity of 5-10 million gallons, significant investment and careful consideration of market conditions are necessary. The report emphasizes the importance of local agricultural partnerships and the need for value-added processing to enhance economic viability in the region.

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Click ‘Get Form’ to open it in the editor.
Begin with the 'Statement of Work' section. Clearly outline the objectives and scope of your feasibility study, ensuring you address all key components such as project goals and expected outcomes.
Move to the 'Background' section. Provide context about the industry, including market trends and previous studies that support your current analysis.
In the 'Executive Summary', summarize critical findings from both Phase 1 and Phase 2 reports. Highlight essential data on market demand, financial feasibility, and potential site locations.
Fill out the 'Financial Feasibility' section by detailing capital investment requirements, operational costs, and revenue projections based on current market conditions.
Complete the 'Site Selection & Related Factors' section by evaluating potential locations based on accessibility to resources, labor availability, and environmental considerations.
Finally, review all sections for accuracy and completeness before saving or sharing your document through our platform for further collaboration or distribution.

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What is a preliminary feasibility study?

A pre-feasibility study is an internal study that examines the viability of an idea. This includes for individual projects as well as full business plans. The study will ensure the project/business idea is advantageous economically, as well as technically and legally sound.

What is an example of a feasibility study?

A feasibility study is a comprehensive and systematic analysis and evaluation of a proposed project, business venture, or initiative to determine its practicality, viability, and potential for success.

What comes first, a business plan or a feasibility study?

The feasibility study is conducted before the business plan. A business plan is prepared only after the business venture has been deemed to be feasible.

How do you write a feasibility study for a business?

Conducting a Feasibility Study Step One: Conduct a Preliminary Analysis. Step Two: Prepare a Projected Income Statement. Step Three: Conduct a Market Survey. Step Four: Plan Business Organization and Operations. Step Five: Prepare an Opening Day Balance Sheet. Step Six: Review and Analyze All Data.

Are business proposal and feasibility study the same?

A feasibility study is not the same thing as a business plan. The feasibility study would be completed prior to the business plan. The feasibility study helps determine whether an idea or business is a viable option. The business plan is developed after the business opportunity is created.