Goal Action Stage: IS YOUR GOAL FEASIBLE?

So I arrived Jerusalem. Three days later, I slipped out during the night, taking only a few others with me. … after dark I went out through the Valley Gate, past the Jackal’s Well, and over the Dung Gate to inspect the broken walls and burned gates. Then I went to the Fountain Gate and to the Kings Pool, … - Nehemiah Hacaliah (when analyzing the work to be done in Jerusalem)

       I have had friends meet me with verbal business proposals and the statements that follow is, “I am certain that this venture cannot fail because of this or that.” Then I ask of some questions that I feel are basic in determining if any venture will survive or otherwise. Questions like: “Have you done this type of work in the past?” or “Have you asked around if there is a trade union governing this type of venture?” and in more cases, “No” as a response is not an exception.

      It is easy to stand outside the “gates” of a venture and declare it “easy”. You look at it and imagine a home-run with the profits and other benefits rolling into your “barns”. But it is the very thought of, “I cannot fail,” without any plans that makes people fail.

      Before you set out to accomplish your goals, do a feasibility analysis. This simply means that you drop your paperwork and get into the fields to see and feel things for yourself. It is important to plan but note that all plans on paper never work exactly as they were written. Sometimes a complete overhaul and change of plan is needed. That is why you must carry out a feasibility analysis.

      It does not matter what venture you want to get into – skydiving or selling groundnuts – you must carry out a feasibility analysis because the fields are by far different from what you assume it is.

       Some questions you should ask (but not limited to) in a feasibility study include:

       What level of education is needed for this venture? Do I have it?

       How much money do I need?

       Have I done anything like this in the past?

       Is this venture as profitable as I thought?

       What is plan on how to succeed in this venture?

    These questions should be tailored to your unique venture. There is no blueprint on how exactly all feasibility studies should go but the point is that you must do one on the field.