Business Feasibility Study (SKB) Fundamentals
📌 The Business Feasibility Study (SKB) is crucial for evaluating whether a business idea is viable before execution, moving beyond mere intuition.
🧠 Key competencies gained include developing realistic business ideas and independently assessing their success probability through systematic analysis.
📊 SKB helps answer critical questions regarding market demand, competition, required capital, and potential profitability for any proposed venture.

Purpose and Benefits of Business
📈 Businesses are defined as activities aiming for profit by creating needed or desired products/services, thereby generating value (convenience, quality, experience).
🌍 Beyond owner profit, businesses benefit society by creating employment opportunities and contributing to economic growth through financial circulation.
💡 Business operations drive innovation (to maintain competitiveness) and support national economy by boosting available goods/services and potentially increasing foreign exchange (devisa) through exports.

Objectives of Feasibility Studies
🎯 The primary goal of SKB is to minimize the risk of business failure by ensuring the venture has good prospects before launch.
📝 SKB aids in formulating comprehensive plans, simplifying execution, improving oversight, and streamlining business control processes.
🔍 Feasibility studies systematically assess viability across multiple aspects: market potential, technical feasibility, managerial effectiveness, legal compliance, and financial profitability.

Common Causes of Business Failure and Mitigation
📉 Incomplete or Inaccurate Data/Information leads to poor planning, such as opening a souvenir shop in a saturated or off-season tourist location.
🛠️ Mitigation requires thorough market research using valid data and direct customer surveys to understand true local needs, like assessing local food preferences over spicy dishes.
✍️ Lack of Meticulous Planning ignores crucial aspects like seasonal operational costs (e.g., a laundry service failing to account for the rainy season's drying difficulties).
💰 Incorrect Cost and Capital Calculation often occurs when entrepreneurs only budget for initial investment, neglecting daily operational costs and contingency funds, leading to premature fund depletion.

Key Points & Insights
➡️ A thorough, realistic financial projection must include a minimum contingency fund of 20% to 30% of the initial capital to manage unforeseen expenses.
➡️ To counteract poor execution, strict supervision must be implemented, alongside regular employee training to ensure adherence to established Standard Operating Procedures (SOPs).
➡️ Before proceeding, ensure the plan is detailed; consider involving experienced mentors or consultants to help identify potential gaps in the initial business plan.

📸 Video summarized with SummaryTube.com on Nov 21, 2025, 16:19 UTC