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Lecture 1 Definition of Business Feasibility Study. Matakuliah : J0464 / Business Feasibility Study Tahun : 2007 Versi : Revisi 3. 01. MATERIAL. Studying mechanism Rule and studying discipline Definition and activity process Understanding “Business Feasibility Study”
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Lecture 1Definition of Business Feasibility Study Matakuliah : J0464 / Business Feasibility Study Tahun : 2007 Versi : Revisi 3
01 MATERIAL Studying mechanism Rule and studying discipline Definition and activity process Understanding “Business Feasibility Study” The importance of investing The reason studying Business Feasibility
Reading Books : Kasmir dan Jakfar,(2003),Studi Kelayakan Bisnis,Penerbit Prenada Media Jakarta. Bab. 1 hal. 3-32 Online Readings : • http://www.bi.go.id • http://www.bps.go.id • http://www.worldwidelearn.com/investment-education.htm • http://www.investopedia.com/ • http://ruralinstitute.umt.edu/training/publications/ monographs/partnership/assistance.asp
01 Understanding Business Feasibility Study Investment understanding Based on William F. Sharfe,investmentis about sacrificing money now for the money in the future. Kinds of investment : 1. real investment2. financial investment
01 Project understanding GenerallyProjectis a kind of activity which involves many resources that are available within a particular bucket (organization) in a particular period of time to do an activity that has been assigned before or to achieve a particular goal.
01 Project’s activities include : • Building of new facilities • Repairment of current facilities • Research and development How do projects appear : • A market demand • To increase a product’s quality • Government’s activity
01 Business Understanding Is an activity or effort that had been done to get benefit based on a purpose and the target business that was done in order to achieve profit according to the goal and the target aimed in many aspects, whether it be quantity or time. Profit is the main reason within a business, whether it be short term or long term.
01 Understanding Business Feasibility Study An thorough study of an activity or a business that would be undertaken, it is done so in order to decide whether the business is feasible or not to be undertaken.
01 Factors That Causes Failure in Business Data and information that are not sufficient Not thorough Miscalculation Wrong direction of work Environment condition Element of deliberateness
01 Preventing Business Failure Fulfilling and also the accuracy of data and information taken Specialist workers that are used are reliable and good Selecting the right methods and measuring tool. Loyalty from the Business Feasibility Study team
01 Business Benefits Achieving profits Providing employment Providing facilities Opening geographic isolation Increasing unity and helping the solidity of development
01 Economy Benefits Increasing amount of goods and services Increasing the product’s quality Increase in devisa Saving in devisa
01 The Reason Studying Business Feasibility • Avoiding non-profitable risks • Makes planning easier • Makes initiating work easier • Makes watching over staff easier • Makes controlling easier
01 Organizations that needs Business Feasibility Study • Business owners • Creditor • Government • The citizen • Management
01 Aspects in Evaluation • Law aspect • Market and marketing aspect • Financial aspect • Technic/Operation aspect • Management/Organization aspect • Sosial economics aspect • Environmental issue aspect
01 Evaluation aspect schemes Law Aspects Market & Marketing aspects Financial Aspects Feasibility Study Aspect Result Operation/Technical aspect Management aspect Social/Economic aspects Enviro aspects
01 Steps in Business Feasibility Study • Acquiring Data and Information • Data Processing • Data analysing • Decision making • Reccomendation
01 Steps of Business Feasibility Study Scheme Acquiring Data Processing Data Analysing not feasible Decission Making Abborted feasible Recomended Under Taken
01 Data & Information Resources • Economic and business publication taken from newspaper and magazine • Indonesia bank publication, Unity of private national banks (PERBANAS) and other financial organizations • Badan Koordinasi Penanaman Modal (BKPM), Badan Pengelola Pasar Modal (Bapepam) • Biro Pusat Statistik (BPS) • Asosiasi Industri dan dagang yang membawahi jenis usaha yang sejenis • Lembaga-lembaga penelitian seperti LIPI ataupun swasta • Departemen Teknis. (mis: jika usaha pertanian maka dari Departemen Pertanian) • Universities dan TAFEs • Other official resources
02 Thank You….See you on lecture number