#feasibiltystudy

Before launching a new project or business idea, one of the most critical steps you can take is conducting a feasibility study. This process helps you determine whether your idea is realistic, sustainable, and likely to succeed. Rather than jumping in blindly, a feasibility study offers a structured way to evaluate all the essential aspects of your plan.

Defining a Feasibility Study

A feasibility study is an in-depth analysis that assesses the practicality of a proposed idea. It explores different dimensions such as financial cost, resource availability, market demand, legal requirements, and technical challenges. The aim is to get a clear, honest view of whether your project can and should move forward.

Key Components of a Feasibility Study

Though every feasibility study may look a bit different depending on the industry or type of project, most include several common elements. These typically involve understanding the project's goals, identifying potential challenges, and evaluating the economic, technical, legal, and scheduling aspects. It's a comprehensive look at both the opportunities and the risks involved.

Benefits of Conducting a Feasibility Study

The main advantage of a feasibility study is that it helps you make informed decisions. Rather than relying on assumptions or gut feelings, you gain insight based on facts and careful analysis. This not only improves your chances of success but also helps prevent wasted time and resources. If a project isn't viable, it’s far better to know early than to find out after significant investments have already been made.

When Should You Do a Feasibility Study?

A feasibility study is typically performed before any major investments are made or before a project moves into the development stage. It's especially important for new businesses, product launches, expansions, or large-scale projects. Whether you're a startup founder, an investor, or a project manager, conducting a feasibility study at the right time can save you from costly mistakes.

Final Thoughts

Okay turn Taylor Swift songs because I am going to write a long long long blog since I never write a blog for 3 days. Okay let’s start on Tuesday. Well I already wrote half of my blog for this and I probably forget some of the memories of this day. Well let’s start in the afternoon, again, I watch a movie entitled Never Let Me Go, a British drama movie about a story of 3 orphans who’s destiny was set to become donors when they grow up and until 3 organ donations they will be completed w/c means death. This movie really made me cry, I mean how come that there’s people in this world who will control someone and set their futures. Yeah they become donors to save lives of dying people but their lives was been controllable. They never even make their own choice, live life, become free, and even fall in love. It’s like they never let you live your own life. It’s like they only live to become organ donors. Most of these kids were orphans, no parents,and homeless. What a discrimination! They will took care of you when you were young and once you are adult enough to become a donor, you will live your horrible life just donating your organs until you die. I then think if this movie is based on reality, what if there is really a place called “Hailsham” back in 1970 in UK (I googled it and this place really exist except it is a town in UK). What if there are people who were set to donate organs against their will. Where does the thousands of hospitals/medical center get donors for organ transplant for millions of patients around the world? Maybe there are some black markets but again the question is, where did they get it?  Oh gosh!!! I really don’t want my whole day be ruined asking these questions because it may really hurt me to find out about these answers. Thinking of that movie, I feel like if I have need a transplant, I’d rather die than seek for organ donors.

  Okay after hours of crying, I had the will to get up and take a bath because I still have class to catch up at  4:30 pm and it’s already 4:15 ( University is just 15 minutes away) but I need 30 minutes preparation until I go to school. It’s almost 5:00 when I decided to go. I arrived at 5:15 and my classmates announced that we have no class, no wonder they not texted me so they are not the only ones who are miserably annoyed because our only class for that day is cancelled...what a really lazy day. So after we pass our assignment to our class president, we went to SM Mall to buy the ingredients for our sandwich feasibility. I am not in the mood to help them though because I don’t know how to cook and I don’t even know the ingredients. So me and my other classmates who didn't bother to help them find ingredients, just become disruptive in the store (Yeah we’re crazy), we just stop when Princess drop a bottle of vodka in the floor and our time stopped for a moment there  because we don't know what to do and all the people are like looking at us. What an embarrassing moment, she paid for the vodka though but it’s like unforgettable trouble making moment LOL! We crack up about it until we reach our classmate’s house. It’s 9:00 in the evening and our great group mates started making sandwiches while me (who doesn't have any knowledge about it) focus on finishing our technical aspect, still we all have different tasks and all are working unlike other group who always have conflicts and miscommunications. The  sandwiches was done at 11:00 pm and we made it as our midnight snack.I am still finishing my own task  and some of us are already sleepy. They all are just chatting and messing around and play UNO cards (Ah! I want to join but I can’t L) then they fell asleep and again the 2 zombies are awake (Me and Princess) well actually we are three (Tesa) but she already gave up hahaha! We have plenty overnights but I had never ever sleep because it feels like I don’t want to or I’m just fighting not to sleep because if I ever sleep they will take a revenge and capture me sleeping because all of them have bunch of sleeping pictures in the facebook hahaha ( We’re bad I know.) Wednesday morning the sleepyheads are not yet awake and it’s already 8:00 am. I just waste time watching YouTube videos and downloading movies, my classmate has a good internet connection :) They all just wake up around 9:00 am and still unconscious, and still sleepy. Leader is still anguish she just woke up but all she worry about is my work which is not yet finish because the missing topic can just be answered by the sleepyheads who made the sandwiches. The missing topic was filled and we all ate lunch at 11:30 am. After that no one bothered to go home, some caught napping, some focused on the internet, some are watching tv, some playing guitar and singing ( I’m one of em), Until we decided to go home at 2:00 pm, it took an hour for us to finish preparing, then we had a snack and finish watching “The Proposal”, upload a long hour photos, and group picture before leaving at 4:00pm. We all have different destinations so some of us took jeep and some of us took a bus, including me, the bus was stuck in traffic and I already feel asleep because of the strong air condition, I sleep like 30 minutes and we were still in the bus, the bus ride took for like 1:45 minutes because of the traffic. I went home at exactly  6:00 pm feeling like a zombie. I knock on the door and oh! my brother’s classmates is in the house. I just waved at them and sleep ( my last memory of Wednesday.) Thursday 5:00 am wow!! I had just a long sleep and that feels really great. It’s still early and I don’t have anything to do, so again, I watch a movie ( Yeah movie addict here) “Parent Trap” what a cute cute movie! Watching this movie and all I think is “Lindsay Lohan what happened to you?” anyhow (Alabama girl) this movie is a good one. I plan to watch another movie but then I feel asleep. I woke up at 10:30 am and watch “Nanny Diaries” and Chris Evans is so hot!!! Hahaha mind! Great movie though you can actually get some good lessons especially on parenting, family, and self-actualization. Then there’s that oh hungry stomach! I am lazy to stand up and eat, feel asleep again and woke up at 1:30 and then I feel like dying, there’s nothing to eat in the house so I went to the nearest carenderia (small cheap restaurant) to eat. I am so weak and I’m about to faint so I eat faster to fill up my empty stomach. Gosh!!!! I shouldn’t do that again or I’m going to die, skipping 3 meals are so not recommended unless you’re on a diet. No way! I’m going to be on a diet. I shouldn't do that again.