Hi. I'm a student and recently learnt of feasibility studies. Online and in the books, it sounds like mere theory. But in real life when people take the risk of starting a business their dreams caused them to do, I never seem to hear of any feasibility studies. When I study biographies too, non of that is often mentioned. What can you say about this? Now I want to start a business, but all that feasibility study is nowhere to be found in my dreams. It's like another headache of the formal world. Please advise. Thanks.

TypeSeven:
Hi. I'm a student and recently learnt of feasibility studies. Online and in the books, it sounds like mere theory. But in real life when people take the risk of starting a business their dreams caused them to do, I never seem to hear of any feasibility studies. When I study biographies too, non of that is often mentioned. What can you say about this? Now I want to start a business, but all that feasibility study is nowhere to be found in my dreams. It's like another headache of the formal world. Please advise. Thanks.

There typeseven feasibility report/study is a document more like a CV of your business plan for now and in the future. I hope this helps.

In my own opinion,
most startups ignore feasibility study because it is time and money consuming, But it is actually very important because most big companies use it to provide better services. It will also help accelerate funding for your startup.