
54. How Useful Are Feasibility Studies?
04/28/24 • 26 min
How useful are feasibility studies?
Today’s a controversial one.
Most consultants and business strategists will strongly advice to commission a feasibility study.
Why?
Because:
1. It ensures you have a good feel of the business idea you have in mind and where the market is headed.
2. Technically speaking, it saves you thousands, hundreds or even millions of dollars in costly mistakes
The reason today’s episode is controversial is because I’d like to throw a curveball out there and question: are feasibility studies really that useful as we think they are?
Today I’d like to deep dive into the subject of feasibility studies, and when it makes sense to get one done, and when it doesn’t make sense to get it done.
________
Are you ready to take wellness to the next level?
Here are 2 ways I can help:
1️⃣ WHO: Wellness directors who want to join 1% of wellness leaders
📌 WHAT: The Wellness Asset Academy
A 10-week online group programme where I guide you through my 7-step ESSENCE framework. Achieve higher pay and secure a genuine seat at the hotel’s big table—so wellness is no longer the most neglected area in the hotel.
→ Join the waitlist here.
2️⃣ WHO: Owners of small, independent hotels with a strong wellbeing focus
📌 WHAT: Asset Builder Mentorship
Exclusive 6-month 1:1 mentorship programme to master creating a wellness asset, build a proud team, and deliver transformative experiences for your guests.
→ Become a steward of true hospitality.
💡 Why work with me?
I know what works with wellness and I also know what doesn’t. I’ve made the mistakes so you don’t need to – saving you thousands of dollars on bad decisions.
✅ #1 best-selling author, global wellness expert
✅ 40+ projects in 20+ countries across Europe, Middle East and Asia Pacific
✅ Top brands: Abadía Retuerta, Four Seasons Hotels & Resorts, Accor, Six Senses Resorts & Spas
✅ Interviewed over 150+ hoteliers worldwide
How useful are feasibility studies?
Today’s a controversial one.
Most consultants and business strategists will strongly advice to commission a feasibility study.
Why?
Because:
1. It ensures you have a good feel of the business idea you have in mind and where the market is headed.
2. Technically speaking, it saves you thousands, hundreds or even millions of dollars in costly mistakes
The reason today’s episode is controversial is because I’d like to throw a curveball out there and question: are feasibility studies really that useful as we think they are?
Today I’d like to deep dive into the subject of feasibility studies, and when it makes sense to get one done, and when it doesn’t make sense to get it done.
________
Are you ready to take wellness to the next level?
Here are 2 ways I can help:
1️⃣ WHO: Wellness directors who want to join 1% of wellness leaders
📌 WHAT: The Wellness Asset Academy
A 10-week online group programme where I guide you through my 7-step ESSENCE framework. Achieve higher pay and secure a genuine seat at the hotel’s big table—so wellness is no longer the most neglected area in the hotel.
→ Join the waitlist here.
2️⃣ WHO: Owners of small, independent hotels with a strong wellbeing focus
📌 WHAT: Asset Builder Mentorship
Exclusive 6-month 1:1 mentorship programme to master creating a wellness asset, build a proud team, and deliver transformative experiences for your guests.
→ Become a steward of true hospitality.
💡 Why work with me?
I know what works with wellness and I also know what doesn’t. I’ve made the mistakes so you don’t need to – saving you thousands of dollars on bad decisions.
✅ #1 best-selling author, global wellness expert
✅ 40+ projects in 20+ countries across Europe, Middle East and Asia Pacific
✅ Top brands: Abadía Retuerta, Four Seasons Hotels & Resorts, Accor, Six Senses Resorts & Spas
✅ Interviewed over 150+ hoteliers worldwide
Previous Episode

53. The Invisible Crystal Ceiling That Looms Over Wellness Leaders
Why is the crystal ceiling placed so low for wellness leaders in hospitality?
Today I’d like to address the elephant in the room.
Less than 1% of wellness leaders make it to hotel general manager.
And over 90% of wellness leaders find that they hit this invisible but strong crystal ceiling that they’re unable to get past.
Why?
Here are two root causes that play a pivotal role:
1. The image of the role of wellness leaders – that of a specialist role.
We’re supposed to be this soft, balanced and unambitious leader that deeply believes in wellness. Here, the underlying assumption is that you can’t be both wellness-oriented and business-oriented. So – it is either or, but not both. The problem with viewing wellness leaders in this limited lens is that we hinder our growth opportunities. And if we don’t have ambition, that will to progress and take ourselves and our wellness business to the next level, we are the ones that are automatically placing that crystal ceiling terribly low.
2. The harsh truth that wellness leaders simply don’t have the skill to take on such a complex business as a hotel.
If we’re already struggling with our complex wellness business units, which in most cases represent 1-3% of total hotel revenue, then how can we equipped to lead a business that is 100 times bigger and has 20 times more staff to look after?
The result of these root causes (in other words the symptoms) is that wellness leaders feel that:
1. Wellness is the most neglected department of the hotel,
2. They’re hospitality’s lowest paid specialist leader, and
3. They have a career that is very short-lived.
And what wellness leaders end up doing to change their situation is to change the symptoms. Sure, we can wish for a more wellness-oriented GM or owner, or increase our pay, or even get ourselves a seat at the big table. But that doesn’t solve our problem of having that crystal ceiling placed so low.
What will help up break past this ceiling is by tackling the root cause head on. By giving our wellness leaders the possibility to be GM (and I mean a genuine possibility), for them to go through that development plan.
Because the harsh truth is that if we don’t dream big, if we don’t occupy key decision-making positions within the hotel, it’ll be impossible to make the impact we want. It’ll be impossible to make any significant progress past 1-3%, perhaps we could get to 20%. But we’d never get to 50-60% of total hotel revenue if we don’t change the image we’ve given ourselves and if we don’t upskill ourselves.
In today's episode, I’d like to address the elephant in the room.
________
Are you ready to take wellness to the next level?
Here are 2 ways I can help:
1️⃣ WHO: Wellness directors who want to join 1% of wellness leaders
📌 WHAT: The Wellness Asset Academy
A 10-week online group programme where I guide you through my 7-step ESSENCE framework. Achieve higher pay and secure a genuine seat at the hotel’s big table—so wellness is no longer the most neglected area in the hotel.
→ Join the waitlist here.
2️⃣ WHO: Owners of small, independent hotels with a strong wellbeing focus
📌 WHAT: Asset Builder Mentorship
Exclusive 6-month 1:1 mentorship programme to master creating a wellness asset, build a proud team, and deliver transformative experiences for your guests.
→ Become a steward of true hospitality.
💡 Why work with me?
I know what works with wellness and I also know what doesn’t. I’
Next Episode

55. The Problem With Knowing It All
Have you ever found yourself say: “I know that!”?
Well, today I’d like to talk about the problem with supposedly “knowing it all”.
Now, I’m sure we’ve all lived situations where we’ve been humbled.
Where we thought we knew it all, and in the end we realized we really didn’t.
There was something we didn’t know, or there was something we missed, and we would have probably picked on that thing had we not been so complacent.
Today I’d like to extrapolate this notion of “knowing it all” into the design and creation of wellness concepts, and how detrimental that way of thinking can be on the overall project.
Because it is one thing to know something, to have done it several times before.
It is quite another when you become so familiar with having done that thing that it becomes almost automatic.
It is here when you enter the danger zone – that zone when you overlook important details that can have a huge negative knock-on effect on the rest of the project.
In today’s episode I’d like to talk about the problem with “knowing it all”.
________
Are you ready to take wellness to the next level?
Here are 2 ways I can help:
1️⃣ WHO: Wellness directors who want to join 1% of wellness leaders
📌 WHAT: The Wellness Asset Academy
A 10-week online group programme where I guide you through my 7-step ESSENCE framework. Achieve higher pay and secure a genuine seat at the hotel’s big table—so wellness is no longer the most neglected area in the hotel.
→ Join the waitlist here.
2️⃣ WHO: Owners of small, independent hotels with a strong wellbeing focus
📌 WHAT: Asset Builder Mentorship
Exclusive 6-month 1:1 mentorship programme to master creating a wellness asset, build a proud team, and deliver transformative experiences for your guests.
→ Become a steward of true hospitality.
💡 Why work with me?
I know what works with wellness and I also know what doesn’t. I’ve made the mistakes so you don’t need to – saving you thousands of dollars on bad decisions.
✅ #1 best-selling author, global wellness expert
✅ 40+ projects in 20+ countries across Europe, Middle East and Asia Pacific
✅ Top brands: Abadía Retuerta, Four Seasons Hotels & Resorts, Accor, Six Senses Resorts & Spas
✅ Interviewed over 150+ hoteliers worldwide
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