A feasibility study or a business plan describes the concept of a project or business in detail. A robust plan acts as a roadmap that adequately covers both the financial & non-financial aspects of successfully running a business or completing a project.
A feasibility plan is a bit different than a business plan starting its commercial activities in Qatar.
Types of Business Plans and Feasibility Studies Qatari Business Require
There is a wide variety of choices when it comes to business plans and feasibilities with each document varying with the objective and items included in it as well as the stage at which a business is and what industry that business operates in.
Some of the common choices made by businesses in Qatar regarding business plans and feasibilities include the following.
- Strategic business plans
- Tactical business plans
- Feasibility studies (Full)
- Technical feasibility studies
- Operational business plans
- Business Cases
- Financial Feasibility Studies
- Business Models
- Pre-Feasibility Studies
The Structure that Qatari Feasibility Studies and Business Plans Follow
There are various aspects of information that have to cover the internal organizational environment related to finance, technicalities, commercial, and functional. These non-financial parts also focus on the core, fundamental, or the basic aspects of successfully running a new or established business in Qatar or completing a large-scale Qatari project involving a high level of planning and budgeting.
Activities that business feasibilities and business plans in Qatar may like to focus on include:
- Relationship management with customers
- Increasing future revenue streams
- Addition of value propositions
- Optimizing the cost structures
- Key partnerships
- Segmentation of customers
- Key resource requirement
- Distribution channels
These are some of the many items that typically involve the creation of successful business plans and feasibilities that for-profit Qatari organizations rely upon.
Qatari entrepreneurs are well cognizant of the fact that the financial information provided has to be reflected during the periodic financial statements, be it income statement, or balance sheet or monthly, quarterly or yearly, and cash flow statements. A business plan or feasibility study helps from the budget or plan of the business or project for the first year. This allows entrepreneurs, business managers, and owners to draw a comparison of results when the operation of an enterprise commences. This helps decide about the different types of variances for capacity, and budget, allowing them to differentiate between the different variances actual VS budgeted projections.
The internal organization information works in tandem with the information provided through the external or macro-business environment.
Some of the areas that need comprehensive and detailed work included:
- Suppliers
- Demographics
- Regulatory Bodies
- Social
- Partners
- Legal or Law Related Matters
- Business Competitors
- Public or Community at Large
- Key Stakeholders (Internal & External)
- Technology and Its Impacts on Changing Business Environment
- Supply and Demand
- Economy
We use both the primary and secondary sources of information to conduct thorough research of the business environment in Qatar. In Qatar, the Authority for Planning and Statistics forms an important source for collecting information reliably.
The holistic approach used by Excel Consultants & Partners LLC for helping businesses with their plans and feasibilities enables us to provide an in-depth overview of the strengths and weakness of the industry in which they operate with regards to the threats and opportunities present within the economy of Qatar as well as the general business environment the industry in which they opt to operate. We ensure that businesses can rely on our documents for business plans and feasibilities in Qatar to focus on their core strengths for maximizing the opportunities available to their ventures. An important part of our work is to help them identify and mitigate business risk
Excel Consultants & Partners LLC’s Professional Experience and Credentials in Preparing Qatari Business Plans and Feasibility Studies
Excel Consultants and Partners LLC has years of experience in preparing and provisioning studies, researches, reports, and market papers including feasibility studies, pre-feasibility studies, and business plans. We assist manufacturers in Qatar producing in different sectors including prefabricated factories, plastic factories, and pipe plants among others. The other sectors in Qatar that we assist in preparing business plans and projects including construction, infrastructure, oil & gas, agriculture sector, educational institutes, medical centers, and the government or state of Qatar.
We believe in delivering high-quality project management reports, feasibilities, and business plans including studies, reports, and papers by introducing them to leading financial institutions and leading banks in Qatar including International Bank of Qatar, Ahli Bank Qatar, The Commercial Bank of Qatar, Qatar Islamic Bank, Qatar Development Bank, Doha Bank, and Qatar National Bank.
Our focus remains on creating added value while focusing on the practicality of the feasibility studies and plans that we prepare and which empower businesses and projects besides helping them with the sourcing of finances, funding, and investments for initiation and future project or business expansion.
Steps That We Follow at Excel Consultants & Partners LLC for Creating a Feasibility Plan or Business Plan for Entrepreneurs in Qatar
We strongly believe that the requirements of each industry, client, business, and project vary a great deal as well as the complexity involved. Therefore, it is essential that the cases we take or suggest follow a methodical approach for the creation of a market report that lets us assess the real-world business possibilities, opportunities, risks, and environmental factors that can impact a business or project success or viability. Our pre-feasibility study has to comply with what the financial institutions or banks in Qatar require as well as a detailed market report has to be positive and supporting the KPIs in the right direction.
Excel Consultants & Partners LLC is a bookkeeping, accounting, taxation, audit, company formation, accounting training & education, Qatar VAT training and implementation, accounting recruitment & HR, business feasibilities and plans, accounting services for eCommerce, project management consultancy, and company formation expert in Qatar. Please click on the relevant link below to get the services you require as a business owner or manager in Qatar.
You can reach us at info[at]ExcelConsultants.org or call us at +974.70268254.
