Introduction
With the expansion of the national economy and the growing interest of youth and entrepreneurs in small projects, feasibility studies have become an essential and indispensable step before launching any project, regardless of its size.
Although small projects may seem simple, they face numerous challenges in terms of financing, marketing, and competition. This is where the importance of a feasibility study comes in—as a professional tool that helps in understanding the market, estimating costs, and ensuring success.
In this article, we provide you with a comprehensive guide on how to prepare a feasibility study for small projects in a systematic and simple way. We also include practical examples and highlight the role of Value for Feasibility Studies and Business Solutions in offering full support to project owners.
First: What Is a Feasibility Study for Small Projects?
A feasibility study is a comprehensive analysis aimed at evaluating the viability and practicality of a project from economic, technical, market, and financial perspectives.
It helps the project owner make an informed decision based on clear data and figures.
In the case of small projects, a feasibility study clarifies the following:
Whether the idea is feasible and can be implemented
The extent to which the market needs this project
The required costs
The expected return
Second: The Importance of a Feasibility Study for Small Projects
Reduces the risk of failure by identifying potential problems before they occur.
Accurately estimates costs to avoid financial shortfalls.
Identifies the target audience and determines appropriate marketing strategies.
Analyzes the competition and identifies strengths and weaknesses.
Assesses profitability and determines the payback period.
Attracts partners, investors, or funding entities.
Third: Steps to Preparing a Feasibility Study for Small Projects
Defining the Project Idea
Start by identifying the type of activity: Is it commercial, service-oriented, or industrial?
What makes this project unique?
What need does it fulfill?
Market Analysis
Who are the potential customers?
What is the size of the demand?
What are the prevailing prices?
Who are the competitors, and how can you stand out from them?
Identifying Technical Requirements
The suitable location for the project
Required tools and equipment
Human resources (workers, administrative staff)
Supporting services (transportation, storage, supply)
Cost Estimation
Startup costs: shop preparation, equipment, licenses
Operating costs: rent, salaries, raw materials, marketing
Revenue and Return Estimation
What is the expected monthly sales volume?
What is the average profit per unit?
When will the break-even point and profitability be achieved?
Risk Analysis
Are there price fluctuations?
Are there strong competitors?
What are the proposed solutions in case of unexpected losses?
Final Recommendations
Clarify whether the project is economically viable or not, and recommend the best implementation approach.
Fourth: Examples of Feasibility Studies for Small Projects
Example 1: Mobile Coffee Cart Project
Initial Capital: 35,000 SAR
Location: In front of universities or government offices
Monthly Operating Costs: 4,500 SAR
Expected Monthly Revenue: 12,000 SAR
Net Monthly Profit: Around 7,000 SAR
Break-Even Point: Within the first 6 months
Example 2: Customized Perfume Shop Project
Initial Capital: 50,000 SAR
Target Audience: Youth and women aged 18 to 40
Products: Customized perfumes and exclusive blends
Expected Return in the First Year: 100,000 SAR
Profit Margin: Up to 45%
Example 3: Online Store for Children’s Clothing
Initial Costs: 25,000 SAR
Operating Model: Work from home with delivery service
Expected Monthly Revenue: 9,000 – 15,000 SAR
Marketing Channels: Social media platforms, paid ads, promotional offers
Fifth: The Role of Value Company for Feasibility Studies and Business Solutions
Value provides entrepreneurs and small business owners with feasibility studies based on realistic analysis and precise planning, ensuring reduced risks and increased chances of success in the local market environment.
Value’s services for small projects include:
Preparing detailed and simplified feasibility studies at an affordable price
Support in choosing the most suitable location for the project
Competitor analysis and identifying a clear competitive advantage
Building a simplified financial model that outlines profit and costs
Providing a marketing plan that fits the project’s budget
Ongoing guidance and consultation during the initial operational phases
Why Is Value the Ideal Choice?
Extensive experience across various types of small projects
Use of innovative and easy-to-understand analysis tools
Flexibility in working with clients who have limited budgets
Feasibility studies accredited and accepted by funding institutions
Fast delivery and professionalism in providing practical solutions
Sixth: Who Is This Study For?
Any young man or woman who wants to start their own business
Anyone who has a project idea but is unsure of its feasibility
Those who have already started a project but haven’t achieved the desired success
Individuals seeking funding and needing to present a professional feasibility study
Anyone looking to develop their existing project or open a new branch
Small projects are the backbone of the economy and the ideal choice for those who want to enter the business world with limited capital.
However, standing out in the market is not achieved through trial and error, but through proper planning and accurate knowledge.
A feasibility study is the golden key that enables you to understand reality and plan for the future.
Start your project with confidence, and let your study be your guide to success.
Don’t hesitate to contact us via WhatsApp or call us directly — at Value for Feasibility Studies and Business Solutions, we offer you full support and a study that matches your ambition.