ENTREPRENEURSS DECISION PROCESSES ON A NEW BUSINESS INVESTMENT: FEASIBILITY STUDY IN LONDON FLOWER INDUSTRY

Yusuf Gezer () and Said Kingir ()
Additional contact information
Yusuf Gezer: Sakarya Uygulamalı Bilimler Universitesi
Said Kingir: Sakarya Uygulamalı Bilimler Universitesi

Academic Review of Humanities and Social Sciences, 2020, vol. 3, issue 1, 139-160

Abstract: When preparing a business plan or a new business idea, the first thing to consider is the viability of the idea to be built on feasibility. Feasibility should be well prepared as it is effective in making the right decisions by contributing to the entrepreneur's assessment of all possibilities. According to the feasibility criteria in the article, investment feasibility is preferred as the cheapest and most convenient way to develop a business plan. Based on observations and research conducted with six partners, the floriculture sector with potential in London has been favoured. This business plan, which requires far less costs to invest and less manpower with moderate business knowledge, formed the core business idea of the partners. According to observations, there is a huge shortfall in flower supply and quality service in London. This lack inspired the basic idea of starting the floriculture industry to offer fresh and quality flowers to customers. Partners will provide an equal financial contribution to capital formation, as it initially requires little cost. Financial calculations suggest that by the middle of the first year of operation, the business may have passed the breakeven point. The purpose of this article is to present a systematic project analysis process and to prepare a feasibility report on a real investment project in the floriculture industry using this process.

Keywords: Feasibility study; Entrepreneurship; Decision Process; Flower Industry; London (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://dergipark.org.tr/tr/download/article-file/1151925 Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ris:arhuss:0022

Access Statistics for this article

Academic Review of Humanities and Social Sciences is currently edited by Cevat Bilgin

More articles in Academic Review of Humanities and Social Sciences from Bursa Teknik Üniversitesi Bursa Teknik Üniversitesi, İnsan ve Toplum Bilimleri Fakültesi, Yıldırım / Bursa, Turkey.
Bibliographic data for series maintained by Cevat Bilgin ().