Paralysis of Analysis

No one wants to fail. In fact, people go to painful lengths to ensure that every step they take is the right one. However, the world has a different plan for all of us! No matter how many spreadsheets and hypotheses we construct, the probability to cover all angles in a complex decision, like starting a business is not always possible. There will inevitably be some factors that we are unable to completely account for. It is these uncontrollable factors that drive many people up the wall. I remember being that way in my earlier ventures. Before making any major decision I would spend months thinking about the ‘correct’ way to launch something.

This process had various levels of success in an era when the world did not have the capability to change so radically the very next day. With the present rapid technological advancement we have entered an information age where everything is connected. Reactions to a product launch can be recorded within hours, or days of the launch. We now live in an era where we do not have the luxury to sit around waiting to get lucky by finding the ‘right’ approach. To succeed in the marketplace today, we have to release our product/service to prospects as quickly and as cheaply as possible.

The longer we sit around waiting and debating, the more likely it is that someone else will end up doing what you wanted to do. By no means am I completely disregarding the analysis stage of business formation. That is a critical component in the overall success of the business. However, in a world where you have the ability to elicit instant feedback from your target market, the focus should be on getting whatever you want to build in front of them as soon as possible.

If you have developed a plan, have the means to develop or build it, make the decision today to just, do it!

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