Feasibility study versus business plan
A dedicated feasibility study is especially important for construction, technology or site selection, significant CAPEX, utility connections, or submissions to a bank, development institution, SEZ or industrial zone.
| Criterion | Business plan | Feasibility study |
|---|---|---|
| Primary objective | Present the commercial model and business plan | Validate technical feasibility and the optimal project configuration |
| Technology | Usually describes the selected solution | Options, capacity, equipment and resources are compared |
| Infrastructure | Core requirements are defined | Site, networks, technical conditions and constraints are checked |
| Outcome | Launch plan and financial forecast | Substantiated investment decision and implementation parameters |
FAQ
When is a feasibility study needed rather than a business plan?
A feasibility study is appropriate for capital-intensive, industrial, infrastructure and technically complex projects, or when the recipient explicitly requires technical and investment substantiation.
Can a feasibility study be prepared without a financial model?
No. An integrated working financial model is needed to assess budget, cash flows, viability, financing and risks.
What data is needed to begin?
Concept and capacity, site, technology, quotations, raw materials and resources, market and sales, schedule, funding structure and recipient requirements.
How long does development take?
The timeline depends on data readiness, scale and review requirements. A schedule and milestones are defined after diagnosis.
How much does a feasibility study cost?
The fee depends on scale, sector, technical complexity, data readiness and recipient requirements. We confirm scope, timeline and fee after the initial diagnosis.
Can a feasibility study be tailored to a bank, SEZ or investor?
Yes. The structure and depth are adapted to the bank, investor, SEZ, industrial zone or other recipient.
Which regions of Kazakhstan do you cover?
KIR Consulting develops feasibility studies for projects in Almaty, Astana, Almaty Region and across Kazakhstan. Technical and financial calculations depend on the site, infrastructure, technology and recipient requirements.
Does a business plan or feasibility study guarantee financing?
No. Business plans and feasibility studies substantiate a project and help recipients assess economics and risks. Financing decisions rest with the bank, fund or investor. Preparing a document does not mean approval of credit, investment or land allocation.
Official requirements
Requirements depend on the project and recipient. Before starting, check the current document checklist with the bank, investor, management company or public authority.