BUSINESS FEASIBILITY STUDY ANALYSIS OF THE FRUSTASHIT STORE BUSINESS IN TERMS OF NON-FINANCIAL ASPECTS AND FINANCIAL ASPECTS

Syeila Melani, Elisah Elisah, Sofia Maharani, Jagad Kusuma Devy, RR. Wening Ken Widodasih

Abstract


This study aims to determine the business feasibility of the Frustashit Store business in terms of non-financial aspects through legal aspects and market and marketing aspects and financial aspects, namely financial aspects through the criteria for using the calculation of the results of the Payback Period, Net Present Value, Internal Rate of Return and Profitability Index. This research was analyzed using qualitative methods with a form of field research. The results showed that Frustashit Store MSMEs from the legal aspect were declared still not feasible because they had not completed the license letters, the market and marketing aspects were feasible because the products were of quality, affordable prices, wide distribution coverage and promotions carried out were attractive and from the results of the financial aspects were declared feasible because the acquisition of a positive NPV value> 0 of Rp 493,790,500, IRR value> interest rate of 16%, Payback Period (PP) obtained < investment life, namely 3 months 2 weeks, and Profability Index (PI)> 1, namely 3.66%.

Full Text:

PDF

References


Aditama, R. A., & Yudhi, A. (2023). Studi Kelayakan Bisnis: Teori, Praktek, dan Evaluasi. AE Publishing.

Angelicenia. (2022). UMKM Fashion di Indonesia. Medium.Com. https://medium.com/@angelicenia2/umkm-fashion-di-indonesia-b22c1b9ee56b

Arianton, K., Meitriana, M. A., & Haris, I. A. (2019). Studi Kelayakan Usaha Budidaya Rumput Laut pada Kelompok Bina Karya di Desa Patas. Jurnal Pendidikan Ekonomi, 11(2). https://doi.org/https://doi.org/https://doi.org/10.23887/jjpe.v11i2.21591

Arvanitis, S., & Estevez, L. (2018). Feasibility Analysis and Study. In The Emerald Handbook of Entrepreneurship in Tourism, Travel and Hospitality (pp. 109–129). Emerald Publishing Limited. https://doi.org/10.1108/978-1-78743-529-220181019

Basak, B. (2006). Cost Management in an Imperfect World: Bridging the Gap between Theory and Practice. ICEC Cost Management Journal, 1–8.

Brigham, E. F., & Houston, J. F. (2019). Fundamentals of Financial Management(15th ed.). Cengage. (15th ed.). Cengage.

Chibili, M. N. (2019). Basic Management Accounting for the Hospitality Industry. Routledge. https://doi.org/10.4324/9781003022305

Christine, M. Y. (2023). Analisis Kelayakan Bisnis Ditinjau dari Aspek Pemasaran dan Aspek Keuangan Produk UMKM Uyah Pencok Banjar Baru. Jurnal Ilmiah Ekonomi Bisnis, 9(1), 103–109.

Fahmi, I., Syahiruddin, & Hadi, Y. . (2010). Studi Kelayakan Bisnis Teori dan Aplikasinya. Alfabeta.

Junaidi, M. (2023). UMKM Hebat, Perekonomian Nasional Meningkat. Djpb.Kemenkeu.Go.Id. https://djpb.kemenkeu.go.id/portal/id/berita/lainnya/opini/4133-umkm-hebat,-perekonomian-nasional-meningkat.html

Kasmir, J. (2003). Studi Kelayakan Bisnis (edisi pert). Prenadamedia Group.

Kasmir, & Jakfar. (2020). Studi Kelayakan Bisnis (14th ed.). Prenadamedia Group.

Mackenzie, W., & Cusworth, N. (2007). The Use and Abuse of Feasibility Studies. AusIMM Project Evaluation Conference.

Morgan, N. A., Whitler, K. A., Feng, H., & Chari, S. (2019). Research in marketing strategy. Journal of the Academy of Marketing Science, 47(1), 4–29. https://doi.org/10.1007/s11747-018-0598-1

Oey, M., & Juliana. (2022). Business Feasibility Study Joyinz Café at KH. Soleh Ali, Tangerang. International Journal of Social and Management Studies (Ijosmas), 3 (2)(2), 164–174.

Purwana, D., & Hidayat, N. (2020). Studi Kelayakan Bisnis (5th ed.). Fajar Interpratama Mandiri.

Qamaruddin, M., Radhiati, R., & Ahmad, Z. (2022). Analisis Kelayakan Bisnis Kuliner Khas Banjar Mie Bancir Agus Sasirangan. Jurnal Ekonomi Syariah, 2(2). https://doi.org/https://doi.org/https://doi.org/10.52266/jesa.v5i2

Ramadhani, S., & Makmur. (2019). Analisis Studi Kelayakan Bisnis pada Pengembangan UMKM Usaha Tahu dan Tempe Karya Mandiri Ditinjau dari Aspek Produksi, Aspek Pemasaran dan Aspek Keuangan. Jurnal Ilmiah Manajemen Dan Bisnis, 1(1), 76–83.

Siahaan, S. D. N., & Hasibuan, N. I. (2021). Analisis Kelayakan Bisnis Restoran Chicken Crush Tuasan Medan. NIGAWAN, 10(2).

Sulastri, L. (2016). Studi Kelayakan Bisnis Untuk Wirausaha. LGM - LaGood’s Publishing.

Suliyanto. (2010). Studi Kelayakan Bisnis. Andi Offset.

Sunyoto, D. (2014). Studi Kelayakan Bisnis. CAPS (Center of Academic Publishing Service).

Terblanche, R. (2022). Understanding Financial Feasibility Studies as an Artefact in Quakity Surveying Practice. University of the Witwatersrand.

Varadarajan, R. (2010). Strategic marketing and marketing strategy: domain, definition, fundamental issues and foundational premises. Journal of the Academy of Marketing Science, 38(2), 119–140. https://doi.org/10.1007/s11747-009-0176-7




DOI: http://dx.doi.org/10.31000/dmj.v8i1.10509

Article Metrics

Abstract - 435 PDF - 241

Refbacks

  • There are currently no refbacks.


Jurnal ini telah terindeks dalam:


googleGaruda crossref dimention



Office:
Editor of Dynamic Management Journal (DMJ) UMT, Building F, 3rd Floor, Department Management Faculty of Economics and Business, Universitiy Of Muhammadiyah Tangerang
Jl. Perintis Kemerdekaan I No.33, RT.007/RW.003, Babakan, Cikokol, Kec. Tangerang, Kota Tangerang, Banten 15118

Wa08567312111 (Galuh), 085716034977 (Eky)
Email: dynamic@gmail.com 


Dynamic management journal is licensed under Attribution-ShareAlike 4.0 International