Business_Feasibility_Study Example

Business_Feasibility_Study Example Business_Feasibility_Study â€" Essay Example > Business Feasibility Study: Terrific Experience Tourism CompanyExecutive SummaryTerrific Experience Tourism Company is a business idea that has been borne out of the need investing in the numerous opportunities in tourism industry. This report gives a feasibility study with the aim of convincing investors and other stakeholders to support the idea. The report describes the services that the company will engage in and how it will generate revenues for its operation. Market environment and competition looks at the external macroeconomic factors that will affect the operations of the business. The feasibility study represents the business idea in full explaining how every challenge and need will be met. Environmental conservation will be part of the crucial area that the company will have to pay attention to. Environmental activities and the government are always keen on ensuring enforcement of environmental policies. The financial projects section gives the estimates of balance shee t, income statement, and cash flow of the company. Recommendations and findings give an overview of want should be done. The report ends with a conclusion and it is accompanied by a list of references. Product or ServiceThe company known as Terrific Experience will provide travel services and accommodation to local and international tourists in the area. The company will organize travel tours and excursions in the interior of the country. It will be important to specify that the company will not deal with physical products but majorly services. These services will include travel tours, accommodation, guides provision, sporting activities, and introduction to other parties that the visitors may interested in. The company will provide opportunities for excursions for companies who want to give a special treat to their employees (Carkenord, 2008). The tourism industry has opportunities for investment following the renewed interest in people to understand the environment in which they live in through excursions. As people look for affordable leisure joints and activities, there is need to come up with the kind of service that will satisfy them besides being affordable. This concept will widely target local citizens but will also blend with international tourists who are seeking opportunities for holidays in the country. The company will be known as Terrific Experience Tourist Company. TechnologySophisticated technology has been widely used in the tourism sector. The tourism market is selective, knowledgeable, demanding, sophisticated, demanding, and more experience is needed in its operation. The company will have to employ the latest technology in ensuring that the guests receive high quality services but at an affordable price. Solar systems of heating water for bathing will be encouraged as a means of ensuring environmental conservation. The hotel rooms will have to be fitted with CCTV cameras to enhance surveillance by security teams. The latest dishes of c onnecting main channel service will also be acquired. The company will also have to use electronic or online registration for quick registering visitors. Databases for storing every client’s information will have to be developed to store more information. In adverting, the marketing department will use sophisticated ways of communicate to the general public. Technology plays an important role in launching the activities of the company.