BS in Agricultural Business
The purpose of this feasibility study was to establish whether or not the proposed spray and fertilizer equipment outlet store could be opened and be profitable in the target area. The goal was to be profitable within two years of operations. Personal interviews proved to be important to estimate the preliminary budgets of the outlet store. Pertinent financial information was evaluated by proforma financials. This information proved useful as to estimate yearly profits/losses for the business and to accept or reject the author’s hypothesis.
After the study was concluded and all of the figures were evaluated by the author, it was determined that the spray and fertilizer equipment company would be successful and be able to provide profit within two years as disclosed in the hypothesis. In year two, profits were $31,885, which meets the goal of the hypothesis. Therefore the business should be implemented.