DO YOU HAVE MONEY TO BURN? CALL A MARKET RESEARCH FIRM AND TELL THEM WHAT YOU WANT TO DO AND ASK THEM TO PROVE YOU'RE RIGHT.
If you truly want to know whether it will work or not, ask a trusted friend to meet the researcher. That is the only way to get to the truth.
Let's face it...the developer wants to do it, the hotelier wants to run it, the banker wants to finance it and the city planner wants growth.
Where can we get some truth and conseqences? Where can one go to buy 'feasibility'? Is it a rare commodity or does everyone believe that everything is feasible? Are there no realists in our business or are we all dreamers?
I happen to be from the category of 'dreamers'.
However some of my butterflies have flown too close to the flame so I have learned from some mistakes. Some of them have been mine but many others have been the mistakes of others. That has inflicted in me a healthy dose of reality, sometimes disguised as cynicism!! Whatever you call it, it is the ability to weigh the dreams against the reality of life, market trends and gut feel. Women call it instinct. Men call it gut feel!
My wife's instinct works...........so does my gut feel.
But developers don't look for reality. They want a new project. Bankers don't want to deal with projects that are forecast to fail, they want to lend money. City planners are paid to plan projects that get built not for their pessimism.
The consequences of a poorly planned project are painful. Unexpected losses, lower profits, a soiled image and in the worst case, bancruptcy.
If by chance you want to be aware of what reality has in store for your project, contact [email protected]
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