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Before starting your Tribal enterprise, a feasibility study should be conducted to determine whether or not this business is in fact viable for your Tribe.
- Can you start this business and make a profit with it?
- How long can you afford to take losses?
- Is the benefit of adding jobs for Community members more important than having a profitable business?
Long term, every new business venture must be self sustaining. It must generate its own funds to remain in business. Let us conduct a feasibility study for you before committing valuable time and resources to the new enterprise.
We can perform an evaluation to determine whether or not this business makes sense for your Tribe, based on your criteria and criteria we develop with you. Before committing funds, it should be determined that this business is a good business for your Tribe. Long term, you should plan to have this business for many generations to come. The business should be in line with the Tribe’s overall desires for the future.
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