24 Sep Why are Market Studies So Crucial to the EB-5 Business Plan Process?

Did you know that e-Council Inc.com offers a multi-disciplinary approach to the Business Plan process, and offers a range of services complementary to the Business Plans, such as the essential Market Study element?

As a critical part of the EB-5 process, and for that matter a pre-cursor to success in most businesses, a Market Study may make a significant difference in petition approval. A Market Study essentially involves researching and compiling detailed information about the project prior to the development of a sound business plan.  The Market Study can help to ensure that the proposed project has a solid market and sound financial base; and it also identifies potential market obstacles and socio-economic conditions that will enhance or hinder the project (essentially a SWOT analysis).

Overall, a comprehensive Market Study analyzes quantitative and qualitative aspects of a project to ascertain the social, economic, political, business and cultural conditions in the region planned for its implementation, and the possible influences of these factors on the project. A high-quality Market Study views the project from a macroeconomic and a microeconomic lens. Reviewing and reporting on general national and international trends, and factors affecting the local industry where the project is located will educate you and your investors before time and money are wasted.

As increasing RFEs are being issued, particularly on I-526 and I-829 applications, market research is becoming ever more important to the success of the applications and the appeals process – providing a comprehensive picture of the project, which is easily understandable by USCIS.

The e-Council Inc.com team specializes in Market Studies for EB-5 projects as well as those for other visa petitions and businesses in general.  Please contact us at info@ecouncilinc.com for further information.

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