Sunday 19 May 2013

If You Want To Be Successful, Don't Spend Too Much Time Planning: A Case Study

Paul B. Brown, Contributor


We said last time  a successful entrepreneur is the person who makes an idea happen, even if there are a lot of unexpected problems, and even if it’s not a very good idea in the first place.  
And then we added that they don’t do it with one roll of the dice. The most successful entrepreneurs we know are extremely risk adverse. They don’t make large bets.
Instead if you want to follow their lead, you’d take  small, smart steps. Specifically, you’d:

1. Start with desire. You find/think of something you want. You don’t need a lot of passion; you only need sufficient desire to get started. (“I really want to start a restaurant, but I haven’t a clue if I will ever be able to open one.”)
2. Take a smart step as quickly as possible toward their goal. What’s a smart step? It’s one where you act quickly with the means at hand. What you know, who you know, and anything else that’s available. (“I know a great chef, and if I beg all my family and friends to back me, I might have enough money to open a place.”) You make sure that step is never going to cost more than it would be acceptable to you to lose should things not work out. And you bring others along to acquire more resources, spread the risk and confirm the quality of your idea.
3. Reflect and build on what you have learned from taking that step. You need to do that because every time you act reality changes. Sometimes the step you take gets you nearer to what you want (“I should be able to afford something just outside of downtown”); sometimes what you want changes (“It looks likes there are an awful lot of Italian restaurants nearby. We are going to have to rethink our menu.”) If you pay attention, you always learn something. So after you act, ask: Did those actions get you closer to your goal? (“Yes. It looks like I will be able to open a restaurant.”) Do you need additional resources to draw even closer? (“Yes. I’ll need to find another chef. The one I know can only do Italian.”) Do you still want to obtain your objective? (“Yes.”)
4. Repeat.
Act. Learn. Build. Repeat. This is what defeats uncertainty…providing that you actually start and try to make your idea a reality.
All this sounds logical, most of you said, but then people, like David F. Puente and Steven Boccone, asked what about planning?  Is that a key component?  And others, such as Arnaud Kleinveld, added ”don’t you need a lot of resources?”
Good questions.  Let’s deal with them.
Planning is okay, but…
It is not that I am against planning.  But it starts with the assumption that you can forecast the future with a high level of certainty.  If you can, then by all means:
  1. Forecast the future.
  2. Construct a number of plans for achieving what you want, picking the optimal one;
  3. Assemble the necessary resources (more on that in a minute) and
  4. Then go out and implement the plan.
Again this work really well when things in the future are going to be similar to the immediate past. If you are trying to figure out how to sell an existing product into an adjacent market, for example, no radical overhaul in your thinking is necessary. The way you traditionally solve for this works just fine and you never want to discard something that works well.
But, and it is a huge but, the number of extremely predictable situations we all face is decreasing.
In the face of the unknown, the Act Learn Build Repeat models works best.
To drive home the difference, between predictable situations and ones that are not, and to get us started down the path of the best way to deal with the new world we all face, let’s imagine two different scenarios that we presented before in a different context.
In the first, you want to get from Washington, D.C. to Boston. Easy, right? You figure out when you will be going—say next week—and then you start to make any number of practical decisions:
  • Do you need to get there quickly?
  • Are there places you would like to stop along the way?
  • What is your preferred method of travel?
  • Is there a specific time of day you want to travel?
You get the idea.  You’d plan out your itinerary—“I’d like to stay a day or two in New York City on the way—and determine what is the best way of travel for what you want to accomplish (“I think I’ll drive”) and you plan out a route.  Maybe you use a traditional map or a GPS to chart out your course.
If you get off track, it is no big deal. You double check the map; reboot the GPS, or even ask for directions—and get back on your way.
Now suppose you were dropped into the middle of an Amazon Rain Forest and you had to get home? You wouldn’t do a lot of planning, and the kind you did would be different. You wouldn’t be thinking of the sequence of steps—let’s see once I leave midtown Manhattan, I want to get over to the West Side Highway and start looking for signs for I-95 north. In fact, you wouldn’t do much planning at all.
You’d take a small step in what you hope is the right direction and then pause and see what you have learned from taking that small step. (“Hmm. I am still on solid ground and I think I see a sliver of daylight in the direction I am heading. Let me go and take another step that way.”)
You would Act. (You’d take a small step) Learn from taking that step. (“I seem to be going in the right direction.”) You would Build off of that learning by taking another step. And so on.
You notice in the first model—D.C. to Boston—you need to have a lot of resources to get going.  In the second model, initially you just need enough to keep you alive, as you get underway.
Researching, planning and gathering resources doesn’t help you much when the world is changing as fast as it is these days. You can come up with a plan that is perfect—for a world that passed you by while you were spending all that time planning. Similarly, you could end up solving for a problem that has either gone away, or been solved by someone else while you were lining up resources.
When you are facing an unknown situation: Act. Learn. Build. Repeat.  ==========================================================================================  Explode Your INCOME. Make more money with a powerful online Home Business. You can earn a Full time Income on a Part Time basis while keeping your current Job. When you Love the Idea of Network Marketing and Residual Income, but HATE Cold Calling & Having to Pitch your Friends and Family... You Earn cash while Surfing the Web. Earn cash for Referrals with Trusted Programs. Check it out:

1. You’ve got to have a website or a blog, of course the easiest and most practical Way to Promote Referral Items.

2. Use Valid Email Address.
3. Signing up free for an account with a payment processor such as "Payza".
4. With this in place, join various network sites hosting merchants' products/services. There's usually no charge. You join; you get your own referral link code, so that you can send people to the destination with your own code branded into it. This way, the merchant can determine that the sale was originated by you and you earn a commission.
 5. Choose from the more popular sites for information and/or hard products or services. Many of the products or services offer very generous commissions.                            
6. You can also examine the links that appear on www.fortunefair.com and join the sites.
We have spent the time and put in much effort to create for you something extraordinary! Go to the websites, relax, watch the videos, and get ready...they Can Easily Make you Financially Independent and many more!. You will have more reliable ones as you continue to hang on with http://fortunefair.blogspot.com
 7. Once you joined, just do a search in the network company to find your favorite product/service.
 8. Grab your code and promotional creative, text, banners, etc.
9. Place the link on your website.
10. Go ahead and promote your website. You should get many visitors to your website in order to be able to get enough sales.
11. Do a review of the product/service of your website and make a recommendation. A very good way is to review products/services and point out their pros and cons and rate them according to their quality.
12. Even better is to have your own experience with that product/service and share it with your visitors.
13. Only a small number of your visitors are likely to follow your advice and buy and this also provided that you've done an honest and good job promoting it.
14. You should take a look from time to time in the stats in your account at the network company to see how you perform. The good thing is that you don't necessarily have to deal with the merchants. You can just join a reliable and reputable network hosting the products/services and doing all the work for you.
Click www.fortunefair.com to check out some of the best PTC sites.

More on this, read our previous post:


So what are the risks?  With any new start up company you are at risk if the company doesn’t make it. Plain and simple. If you focus on promoting only one product, service, affiliate program or business opportunity and it doesn’t sell or the company goes down – you have nothing! But when you create multiple streams of income – if one of the streams dries up – it’s a bummer but not catastrophic.
Here, http://fortunefair.blogspot.com, we will always preach the power of PRODUCTIVE LIVING and of creating MULTIPLE STREAMS OF INCOME as a way to help you make for yourself a large, stable, diverse, passive residual income with less effort and less cost. Earn instant multiple income streams daily. Keep coming back to the blog as we keep on identifying the best methods, unique strategies, effective techniques to earn unlimited income from paid to click, surf, read, promote and sign up excellent passive income sources. These are revolutionary ways to make money online. We select, review and recommend to our associates the best PTC paying sites.
In a nutshell, we are helping thousands of people worldwide become their own boss from their own home. The best part is No matter how much experience you have online you can make money month after month! So,
Stay subscribed for more-make-money tips & tricks...
 SHARE/Tag your friends. Join our Facebook Community Page: http://www.facebook.com/pages/Fortune-Links/155312721282026?ref=ts&fref=ts
Are you interested in generating income from Transport Partnership? Click this link:  http://transitcare.blogspot.com/2013/03/make-perfect-start-in-2013.html 

No comments:

Post a Comment