Learn How to Write a Feasibility Study Conclusion
A feasibility study is an analysis of a proposal, explaining why it will work. It tells interested parties why your business idea is solid and worth investing in. Learn how to draw on and summarize conclusions from the information you've included in a feasibility study, creating a professional and polished final product.
Tips for Writing a Professional Conclusion
It may be easy for you to draw conclusions when you write a document or prepare your own financial statements, but what you see may not always be obvious to your readers.
Your feasibility study conclusion should state the facts and information necessary to ensure that the reader clearly understands your points. This is especially important when you're writing a comprehensive study with many parts that must all be tied in together in a summarized conclusion.
Remember that a feasibility study is just that—a study. It weighs the practicality of an idea or plan. Your conclusions must be based on research and verifiable information, not on the simple belief that your idea can work. A strong conclusion will:
- Discuss how the business can succeed. Explain why, using research-based information that is contained in your study rather than opinions.
- If your business idea takes a nontraditional approach, explain why this will help you succeed. For example, most restaurants do not survive beyond two years. What makes your idea different and more likely to succeed beyond that period of time?
- Point the reader back to the location of any examples you give by listing section, page title and page number.
- Summarize the most important points of your study. Don't attempt to cover minor or unimportant details. Keep your focus on the major selling points.
- A good summary or conclusion should be concise, no longer than one to two pages. It should be written in plain, understandable terms.
- Don't attempt to persuade the reader with jargon or an advertising pitch. Feasibility study findings should be objective and based on the research and information you've included.
- Avoid using phrases like "I believe," "in my opinion," "I hope" or "I anticipate." Do use strong, impersonal and affirmative phrases such as, "Research supports that this industry will continue to grow."
- A summarized conclusion helps to develop an overall impression, but it should not replace the supporting documents. Submit the summary as part of the feasibility study, not as a substitute for the study.