CONCEPT
DEVELOPMENT

FEASIBILITY
STUDY

BUSINESS
PLAN

GOALS AND VALUE

Concept Development

For Entrepreneurs:

  • Finished CD is the groundwork to obtaining the funding for a deeper study or prototyping.
  • A short but sustainable entry document provides quick & trustworthy idea potential examination.
  • Helps to transform the solution and change the development into something viable.

For investors:

  • Assists to understand if next steps are worth investment.
  • Forming a preliminary vision on whether the solution is feasible and potentially interesting to the public.

Feasibility Study

For Entrepreneurs:

  • Finished FS serves to obtain the minimum financing required to continue research and prototyping.
  • Helps save founders/entrepreneur's own funds. FS aims to determine whether it is worth proceeding with the business.
  • Defines scenarios for best development direction.

For investors:

  • Helps to save money, allocating funds only for this part of project prospecting. Full investment loss risk at this stage, if invested without a Feasibility Study, is 60-90%.
  • FS supports decision-making process on the business concept viability and associated risks.

Business Plan

For Entrepreneurs:

  • Finalized BP is most suitable for capital raising.
  • Provides a detailed structure of business, roles assigned to parties involved and targeted at future executives to explain how the business works.

For investors:

  • Helps to maximize investment expectations, allocating funds only for the most effective projects. Full investment loss risk at this stage, if invested without a business plan, is 50-70%.
  • Provides a detailed business structure appropriate for the type of funding investors look for.

The main differences

Each service provides a different approach and depth of research, calculation and projections. Key differences are in the goals they set out to achieve, the general idea, the scope of works and their focus, the resources required and the deliverable results.

Concept Development

Answers the question “Is it plausible?” (If the idea makes sense)

Feasibility Study

Answers the question “Will this work?” (If the idea is valid in the practical sense)

Business Plan

Answers the question, “How will this work?” (growth and sustainability)

Concept Development

A condensed overlook of the proposed idea to understand its principals. Sometimes seen as the “written pitch” of the project.

Feasibility Study

Provides in depth studies for the project’s requirements. Helps assess the likelihood of achieving the objectives and the risks associated with project realization.

Business Plan

Fully describes the business and its financial projections, tactics and strategies to grow the business. Communicates the management model.

Concept
Development

Information on technical feasibility of the solution, short description of market potential, key financial figures, and means to reach short- and long-term performance goals.

Feasibility
Study

Deep study on size of the potential market, cost/benefit tradeoffs, preliminary requirements analysis, alternative solutions and their expected benefits.

Business
Plan

Operating plans, marketing strategies, location, management team and in-depth financial projections.

Concept
Development

Marketing specialists, technical consultants, certified economists and financiers, legal advisors, IT programmers, project and business development managers.

Feasibility
Study

Marketing specialists, technical consultants, certified economists and financiers, legal advisors, IT programmers, project and business development managers.

Business
Plan

Marketing specialists, technical consultants, certified economists and financiers, legal advisors, IT programmers, project managers and business development specialist.

Concept
Development

3-5 working days

Feasibility
Study

5-15 working days

Business
Plan

5-30 working days

Concept
Development

Within $5,000

Feasibility
Study

$5,000-$15,000

Business
Plan

$5,000-$30,000

Concept
Development

10-15 pages

Feasibility
Study

30-70 pages

Business
Plan

30-150 pages

✓ Credibility Matters
Kreston GCG is a leading consulting company in strategy, digital and technology solutions, and an innovative entity within the Kreston International global network.

✓ Develop a Winning Strategy
Having deep expertise in a vast variety of industries, we know what works in the marketplace and what does not. Our consultants develop highly sustainable strategies for success, which we then communicate through compelling business plans and feasibility studies.

✓ Get Investors on Board
Through years of experience, Kreston GCG has established a well-grounded international collaboration and enduring partnership with a number of investment banks, venture capitalist firms and business angels. Due to our deep understanding of financial institution requirements, we have a keen sense of how adapt your project to get investors to notice it and obtain the funds you seek.

✓ Your Project is THE One for Us
No matter how complex your project is or the size of your company, you can be sure our dedicated professionals will apply a customized approach to every aspect of your future business. We use the best practices and latest technological trends while developing your business model.

✓ Work with True Experts
Our team is composed of dedicated professionals who are the best business plan consultants in the industry. Due to the deep and broad experience in construction and executing upon business models of all kinds, we deliver the product that will help your project become successful. Most of us are MBA- and PhD-degree holders and have international backgrounds.

TOP