Feasibility Analysis

Information is key. Before committing any kind of resources, whether capital or human, to a project, it is essential to establish a list of go/no-go criteria. It is not enough to only look at readily available data – they rarely represent your specific situation satisfactorily. In order to accurately predict the future success of your product or service, a feasibility study must be conducted in order to prevent a costly market mistake.

Launching a new product or service, acquiring a new asset, or changing your business requires an in-depth understanding of the relevant marketplace, the industry participants, and ultimately the target audience.

WPA can help you determine the market size and growth prospects for your potential endeavor. We will develop “what-if” scenarios, then identify key leverage points, risks, and probabilities of success. We will give you the confidence to make the right decisions.

Case Study: Hospital Feasibility Study

A mid-sized hospital from the south recently considered the creation of a new health care facility in Tennessee, and commissioned WPA to survey local residents to determine the perceived need, the best methods to attract interest and gain support, and the best strategy to eventually attract customers to increase market share.

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