Purpose of This Lesson: To provide instructions on drawing and summarizing conclusions from information in a feasibility study.
Tips for Writing a Professional Conclusion
When you write a document or prepare your own financial statements it may be easy for you to draw conclusions. But what you see may not always be obvious to your readers.
Your conclusion should state facts and information that you need to make sure the reader understands. This is especially important when you are writing a comprehensive feasibility study because it has many parts that all need to be tied in together in a summarized conclusion.
Remember that a feasibility study is just that, a study. Your conclusions need to be based on research, verifiable information, and not on a simple belief that your idea can work.
A strong conclusion will:
- Discuss how the business can succeed. Explain why, using research-based information, not opinions, that is contained in your study.
- If your business idea takes a nontraditional approach to something, explain why this approach will help you succeed. For example, most restaurants do not survive beyond two years. What makes your idea different and more likely to succeed?
- 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 you need to make. Do not attempt to cover minor or unimportant details.
- A good summary or conclusion should be concise, no longer than one to two pages and written in plain terms.
- Do not attempt to persuade the reader with jargon or an advertising pitch; feasibility study findings should be objective and based on research and information in the study.
- Avoid using phrases like "I believe," or "in my opinion," "I hope, "I anticipate." Do use strong, impersonal phrases like "research supports that this industry will continue to grow."
- A summarized conclusion helps to develop an overall impression, but should not replace the supporting documents. Be sure to submit the summary as part of the feasibility study, not as a substitute.
Feasibility Study Course Navigation
- Complete Feasibility Study Course Syllabus
- Feasibility Study Course Lesson 1 - What is a Feasibility Study?
- Feasibility Study Course Lesson 2 - How to Write a Market Feasibility Study
- Feasibility Study Course Lesson 3 - How to Write a Technical Feasibility Study
- Feasibility Study Course Lesson 4 - How to Write a Financial Feasibility Study
- Feasibility Study Course Lesson 5 - Organizational Structure Feasibility Study
- Feasibility Study Course Lesson 6 - How to Write Feasibility Study Conclusions
- Feasibility Study Course Lesson 7 - Presenting a Completed Feasibility Study