It is not often that college students are required by their teachers to write a feasibility study. However, when this happens, most students simply don’t know where to begin. In fact, many of them don’t even know what this project entitles. This is a very serious problem because if you don’t complete the school assignment on time, you will get a bad grade. And that low grade has every chance to ruin your GPA – the GPA you worked so much for! Don’t take any chances and read this blog post all the way to the end to find out what a feasibility study really is, how you can write one quickly, and who can help you with this kind of project. Because remember, this school assignment is one of the most difficult you can ever receive in college.
So, What Is Feasibility Study in the First Place?You are probably wondering “what is feasibility study?” Don’t worry about it; most students are asking themselves this very same question. So, let’s start by talking about the feasibility study meaning. A feasibility study is a paper that simply analyzes the viability of an idea – any kind of idea. It can be a business idea, or it can be a new architectural project. It can be a product or it can be the design of a new park. The main questions that this study needs to answer are:
- Is the idea going to work?
- Should you go ahead with the idea?
Guide to Write Feasibility Study QuicklyNow you know what this study is. But you probably don’t know the feasibility study format. The good news is that it is not difficult to write one if you follow the following easy steps:
- Start by conducting a preliminary analysis of the idea. You need to make sure that the idea has at least some chance of being successful.
- Read a good feasibility study example to get an idea of how this paper looks like. You can find plenty of them online, of you can ask an academic writing company to compose one for you.
- Think about all the options that are related to your idea. How can you make the idea work best?
- Analyze the demand for your product. To be successful, your product needs to sell. And if nobody wants or needs it, the chances of selling the product are quite slim.
- Assess the competition and see if there is any chance your idea is better than their ideas. You need to stand out from the crowd.
- Think about all the challenges and come up with ways to overcome them. ALL the challenges, including technical and organizational challenges!
- As you are gathering all the data above, construct an outline. All the main ideas and talking points should have their own headings and subheadings.
- Add information to each section of the outline until you get the first draft ready. Don’t bother proofreading or editing anything, just add relevant information and statistics to support your idea.
- Edit and proofread the draft several times making sure everything flows well and there are no mistakes in the logic or in the writing.
- Write a great introduction and an even better conclusion. The readers should feel compelled to read all your paper and then take action at the end of it. Are you talking to investors? They are holding the money, so you need to convince them that your idea is the best and that it actually works!