Rami Mahmoud

Conducting a feasibility study involves the following steps:

Conduct preliminary analyses.
1- Prepare a projected income statement. What are the possible revenues that the project can generate?
2-Conduct a market survey. Does the project create a good or service that is in demand in the market? What price are consumers 3- willing to pay for the good or service?
4-Plan the organizational structure of the new project. What are the staffing requirements? How many workers are needed? What other resources are needed?
5-Prepare an opening day balance of projected expenses and revenue
6-Review and analyze the points of vulnerability that are internal to the project and that can be controlled or eliminated.
Decide whether to go on with the plan/project.

10 Tips for Saving Money
1- Keep track of your spending
2-Separate wants from needs
3-Avoid using credit to pay your bills
4-Save regularly
5-Check your insurance policies
6-Be careful about spending a significant amount of money on periodic purchases
7-Cut or downgrade your services
8-Try lowering your energy bill.
9-Consider signing up for online bill payment
10-Cut down on take-out ordering

6 Simple Keys to Financial Success
1-Don’t spend more than you earn.
2-Keep your lifestyle debt to a minimum.
3-Create savings over time.
4-Make sure you understand the basics of investments.
5-Know when “enough is enough.”
6-Appreciate what you already have. Mahmoud