Feasibility

Okay, it's been two years since I said anything about this. Feasibility simply refers to the question of whether it's possible to do something. Can you make a something for $X.XX a unit, bring it to market by November X, 20XX, have it generating a positive cash flow by January XX, 20XX, and make it show a profit by a date two years of that? The process by which you figure this out is called feasibility study. If it is found to be feasible a report is usually written. If it's not feasible, the studiers generally bury the whole thing so as not to waste anymore time on it unless the funders require something in writing to show what was done with their money.

Whether it's feasible is one thing. More important is should you do it? History is replete with examples, which I'm not going to mention, of things that were feasible but never should have been undertaken. Consider: even if you can build a thing and produce it at a huge profit and generate boatloads of cash, is it the right thing for you and for at least one segment of Society? This gets at a more fundamental issue and needs to be settled in at least in a preliminary fashion before you even examine the feasibility of it.

Entrepreneurship is the life's blood of all my professional activities. It makes them go. And go read my mysteries, The Case of the Kearney Music School Murders and No Stop on Red, both available at Amazon.com. You can read the first one for free at wwww.kearneymusicschoolmurders.blogspot.com or buy it from Amazon.com more cheaply than you can print it out.