Mengungkap Pentingnya Feasibility Study (Studi Kelayakan Bisnis) ! #KonsultanFeasibilityStudy #KMMB

Summary

In this video, a discussion is held about the importance of feasibility studies (FS) for new businesses. The speaker, alongside their guest, explains that FS helps investors assess whether a business is viable, covering six key aspects: geography, legal requirements, technical needs, business and financial viability, environmental and social impacts, and risk management. The focus is on financial aspects like Net Present Value (NPV), Internal Rate of Return (IRR), and Payback Period to guide investment decisions. The video emphasizes how FS is crucial for minimizing risk and ensuring business success, with KMNB offering consultancy services for FS preparation.

Takeaways

• 😀 FS (Feasibility Study) is a document produced by consultants to assess whether a business model is viable or not.
• 😀 Six key aspects are evaluated in FS: location, legal considerations, technical requirements, business and financial prospects, environmental and social factors, and risk management.
• 😀 The location aspect analyzes the geographical and topographical suitability for business operations.
• 😀 The legal aspect examines compliance with regulations and laws for running the business.
• 😀 The technical aspect evaluates the infrastructure needs for setting up and operating a business.
• 😀 The business and financial aspects assess the future prospects, including financial returns and investments.
• 😀 The environmental and social aspects ensure the business complies with environmental regulations and social norms.
• 😀 Risk management is another key element, helping business owners understand the risks involved and how to mitigate them.
• 😀 Among all aspects, the business and financial aspects are crucial for investors to decide whether a business is worth pursuing, focusing on metrics like NPV, IRR, and Payback Period.
• 😀 FS helps business owners create a system that maximizes profit while minimizing risks, making it a vital tool for starting a business.

Q & A

What is a Feasibility Study (FS)?

A Feasibility Study (FS) is a document created by consultants to determine whether a business idea is viable, considering various factors like location, legality, infrastructure, financial aspects, and risks.

Why is a Feasibility Study important for business owners?

A Feasibility Study is important because it helps business owners assess the viability of their business ideas before making any major investments, reducing the risk of failure.

What are the six aspects evaluated in a Feasibility Study?

The six aspects evaluated are: geographical location, legal compliance, technical infrastructure, business prospects and financial aspects, environmental and social factors, and risk management.

How does the geographical aspect affect a Feasibility Study?

The geographical aspect evaluates whether the location's geography and topography are suitable for the business and whether it aligns with the business’s operational needs.

What does the legal aspect of a Feasibility Study cover?

The legal aspect assesses whether the business complies with all relevant laws, regulations, and permits required for starting and operating a business.

What is the role of the technical aspect in a Feasibility Study?

The technical aspect evaluates the infrastructure requirements needed to set up and run the business, considering both immediate and long-term needs.

How do business and financial aspects play a role in the Feasibility Study?

The business and financial aspects are crucial as they assess the potential profitability and financial return of the business, using metrics like Net Present Value (NPV), Internal Rate of Return (IRR), and Payback Period.

What is Net Present Value (NPV), and why is it important in a Feasibility Study?

Net Present Value (NPV) is the calculated value of future cash flows adjusted for their present value. It helps determine whether a business's projected profits are worth the initial investment.

What does the Internal Rate of Return (IRR) indicate in a Feasibility Study?

The Internal Rate of Return (IRR) is a percentage that compares the expected return from the business to the cost of capital. A higher IRR than the cost of capital signals that the business is financially viable.

What is the Payback Period, and how does it influence decision-making in a Feasibility Study?

The Payback Period indicates the time it will take for a business to recoup its initial investment. A shorter payback period is generally preferred, as it indicates quicker financial recovery.

How do environmental and social aspects affect the Feasibility Study?

The environmental and social aspects evaluate whether the business adheres to environmental laws and local social norms, ensuring that the business can operate without causing harm to the community or environment.

What is the significance of risk management in a Feasibility Study?

Risk management in a Feasibility Study identifies potential risks to the business and evaluates strategies for minimizing or managing those risks to ensure long-term success and sustainability.

What can business owners learn from conducting a Feasibility Study before launching their business?

Business owners can gain valuable insights into the potential success and challenges of their business idea, helping them make informed decisions and mitigate financial and operational risks.