_IMPORTANT NOTICE_
The format or contents of a feasibility study differ from one school to another, but the concepts are usually the same.
Objectives of the Socio-Economic Aspect
This section outlines the specific objectives for the socio-economic aspect of a feasibility study, which should reflect the positive impacts of your business on society and the economy.
Objective 1
Create job opportunities for local residents.
Objective 2
Promote sustainable practices that benefit the environment.
Objective 3
Support local education initiatives through community engagement.
Social Implications
This section emphasizes the social responsibilities of your business.
Focus on the social benefits your venture will provide. For example, will it improve access to essential needs, support community health programs, or foster educational opportunities? Be sure to highlight how your business will actively contribute to the welfare of the community.
Economic Implications
This section discusses the potential contributions of your business to the local economy.
Consider how your venture will:
- Create new jobs,
- Stimulate local suppliers and service providers, and
- Increase economic activity.
Need help with your feasibility study?
Contact Feasib Accountant to help you with your feasibility study, especially on the financial aspect of your research.
