Test the idea before you sign the lease

Services

Four services, one question: should you do this?

Start with the service that answers your most expensive unknown. For most owners that is a feasibility study; for some it is a quick validation test or a model of the cash.

Written by Ali Sedighi, MBALast updated:

The four services on this site do different jobs, and buying the wrong one first is a common, expensive mistake. A feasibility study decides whether to proceed. Market validation proves demand with real buyers. A business plan explains how you'll execute. Financial projections show when the cash runs out and what it takes to break even. Pick the one that removes your biggest unknown, and let the answer decide whether you need the next.

  • Feasibility studies

    A go, no-go or not-yet verdict on one idea, built from demand, cost and competitor evidence rather than hope.

  • Market validation

    Small, cheap experiments that show whether real Canadian buyers will enquire, commit or pay before you scale.

  • Business plans

    A plan that a partner, landlord or lender can read in twenty minutes, with every number traceable to an assumption.

  • Financial projections and break-even models

    A three-year working model with break-even, cash runway and the two or three assumptions that decide the outcome.

Feasibility studies: when you don't yet know if it's worth doing

A feasibility study is the right first step when the idea is still a question. You have a concept, maybe a location in mind, and a rough sense of start-up cost, but no evidence that enough people will pay enough to cover it.

The study works through demand, competition, operating costs, regulation you'll need to check with the proper authority, and the money required to reach break-even. It ends in a written verdict: go, no-go, or not yet, with the condition that would flip the answer.

Choose this if you'd describe your situation as "I think there's a gap here, but I'm not sure."

Market validation: when the desk research looks good but you need proof

Market validation is for ideas that look promising on paper and now need real-world signals. Desk research tells you how many households live within 15 minutes of a site. It can't tell you how many of them will book.

Validation runs small, controlled experiments: a landing page with a short paid-search test, a pre-sale offer, a waitlist with a deposit, or a handful of structured interviews with likely buyers. Each test has a pass mark agreed before it starts, so nobody can reinterpret a weak result as encouraging afterwards.

Choose this if you'd say "the numbers look fine, but will anyone actually buy?"

Business plans: when you've decided and need others to follow

A business plan is a communication tool. It's for the people who need to understand your idea quickly: a partner putting in money, a landlord deciding whether to sign you, a lender's account manager, or your own team.

We write plans that stay short, show their sources, and keep every number traceable to an assumption. We can't promise any lender or grant administrator will approve you. We can make sure the plan answers the questions they predictably ask.

Choose this if the decision is made and someone else now has to be convinced.

Financial projections: when the question is cash, not concept

Financial projections suit owners whose idea is sound but whose risk is timing: how many months of losses, how much working capital, how many customers per week to break even. The deliverable is a working three-year spreadsheet model you can change yourself, plus a short note on which assumptions move the result most.

Choose this if you'd say "I know people will buy, I just don't know if I can survive until enough of them do."

A quick way to decide

Answer these three questions honestly.

  1. Do you have evidence, not opinions, that buyers want this at your price? If no, start with a feasibility study or validation.
  2. Have you priced every start-up cost with actual quotes? If no, the study or the model comes before the plan.
  3. Does someone else have to approve or fund this? If yes, you'll need a plan eventually, but it'll be stronger after steps 1 and 2.
Your situation Start with
Idea only, no evidence Feasibility study
Good desk research, no buyers yet Market validation
Tested idea, need a partner or lender to read it Business plan
Demand is clear, cash timing is not Financial projections

Prices for each are explained on the pricing page, and the guides show the methods we use if you'd like to try a first pass yourself. If you're not sure which applies, the free first consultation is the place to sort it out; call, text or email.

Frequently asked questions

Do I need all four services?

Rarely. Many owners need one or two. A feasibility study often includes a light financial model, and a business plan for an idea that has already been tested may only need the plan itself.

Can I skip the feasibility study and go straight to a business plan?

You can if you already have strong evidence of demand, such as existing customers asking for the new service or signed letters of intent. Without that evidence, a plan just describes a guess in more detail.

Which service is cheapest?

A review of an existing plan or model, done at our hourly rate, is usually the smallest piece of work. Defined projects are quoted individually within the published range of $3,500 to $25,000.

Do you carry out the launch afterwards?

Through the wider Sedighi.ca group we can support launch marketing on a retainer, but the services on this page stand on their own. You own the study, plan and model and can take them to anyone.