Feasibility Studies

Initial investigation into whether a new business idea can be successful is completed through a feasibility study. It gives an initial overview and indication as to whether your business idea is realistic or not and whether the product or service will sell in the market place.

We take time to understand the intricacies of your business idea, especially if it's technical or technology based. We also work closely with start-ups and entrepreneurs who are seeking agency or investor funding to complete a feasibility study or develop a business idea. We can assist you to identify the right agencies to approach in a structured and co-ordinated manner.

We have worked closely with individuals and organisations in the public and private sector to complete initial market research, cost analysis and financial projections to test the feasibility of business ideas in areas such as waste management and forestry.

Based on the outcome of the feasibility study, Byrne Conroy Consulting can advise you on the correct course of action to take for the development of your business idea.

Business Planning

Once the feasibility of a business idea has been proven, it is essential that a detailed business plan is completed.

A business plan allows the entrepreneur or business to put down on paper the exact details of what the proposed new business is all about. It acts as a road map for the successful establishment and development of the business entity. If written and organised correctly, it will also act as a marketing tool or CV for your new business to attract investors, finance and strategic partners.

The role of the entrepreneur in the business planning process should not be underestimated. We believe that the entrepreneur should be actively involved in the business planning process. It is also essential that the business plan is not written for a specific purpose i.e. for a bank or to attract investors. The business plan should be written objectively from the view-point of the entrepreneur understanding exactly what their business is all about and how it will operate in practice.

Byrne Conroy Consulting has assisted individuals and organisations get their business ideas up and running through the completion and implementation of successful business plans. We also work closely with start-ups and entrepreneurs who are seeking agency or investor funding to complete a business plan or develop a business idea. We have accumulated knowledge and expertise from a number of industries and sectors which can be transferred and utilised in the business planning process for your business idea.

Industry and Market Analysis

When business entities are considering developing new products and services or extending their existing product or service range into new areas, a market or industry analysis should be completed. This is particularly true if the products or services are diversified from the existing range. Some qualitative or quantitative market research may also be required depending on the type of firm and the products or services they offer.

By completing this analysis, an organisation can evaluate the competitive position of an industry or market by analysing, the number of existing and potential competitors, customer preferences and trends, and supply chain dynamics.

Knowing the market's needs and how it is currently serviced provides an organisation with the key information essential for developing new products/services and associated marketing and sales strategies.

Byrne Conroy Consulting has worked on analysing several markets and industries for our clients in sectors such as telecommunications and waste management, the output of which has allowed them to make strategic product and service decisions.

Strategic Planning

Strategic planning determines where an organisation is going over the next three to five years, how it's going to get there and how it will know if it got there or not. The focus of a strategic plan is usually on the entire organisation, while the focus of a business plan is usually on a particular product, service or program.

A strategic plan sets the goals and objectives for the organisation. While being ambitious, the goals and objectives of the plan must also be realistic and attainable. An organisation should use its strategic plan as road map, or the stars to guide its course by over a particular time period.

It is essential that the goals and objectives of the strategic plan are implemented and measured on an ongoing basis using key performance indicators and reviews. A plan can be designated as worthless unless a system of implementation and measurement is put in place.

Strategic planning is a complex process and needs to be tailored to the specific needs of the organisation or sector in which it operates in. It is important that the views and ideas of various stakeholders such as staff, encapsulated in the plan so that buy-in is secured. It is also important that the challenges from the external environment such as legislative requirements are also accounted for.

Byrne Conroy Consulting can facilitate the development and implementation a of strategic plan for your organisation. Our highly inclusive, transparent and hands-on approach has helped our clients to optimise the value obtained from a comprehensive strategic planning process in areas such as education and retail.