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Overplanning Can Kill Your Business Idea

Overplanning Can Kill Your Business Idea

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    Most articles about starting a business cover planning. Creating your business plan. Creating your marketing plan. Creating page upon page of plans, plans with great intentions and perhaps excellent potential for success. There’s nothing wrong with planning itself; if there was, I’m sure we wouldn’t see such an emphasis on it in business literature.

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    But not so often mentioned is the dark side of planning, and it’s the dark side that captures many a bright and hopeful entrepreneur into its trap ensuring that their great ideas never see the light of day: overplanning.

    I’m sure most of us have known, worked with, or even been the person who falls victim to overplanning. It’s no surprise as the planning phase is a tempting comfort zone; the idea is that the more there is planned, the more that is lined up in a perfect row and ready to go for launch, the better things will work. Things rarely work out this way. Businesses tend to grow organically, despite the best-laid plans, and when they explode with popularity from the very beginning it’s often plain luck. They may have had a good plan to help them on their way, but so did a slew of viable business ideas that didn’t succeed.

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    What’s important to note is that people who get stuck in the planning phase and never move on to execution are often stuck in planning because they are scared. They’re afraid of how their idea will be received, whether it’ll succeed or fail, and scared that if it does fail it’ll reflect on their abilities.

    Execution of plans is an art, because few people can draw on the courage to make things happen.

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    Two Alternatives to Overplanning

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      So what can you do to avoid the trap of overplanning? There are two approaches that might work for you:

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      Ready, Fire, Aim: I’m not sure who first coined this phase that describes a particular way of operating, but the first place I read about it was in this article a few years ago. The premise is that you dive straight in and start executing based on whatever plans you had to start with — in other words, acting on your idea as a plan in itself — and making adjustments as you go along. This way you’re organically growing your business as you plan its future, making sure you don’t get stuck in an unprofitable no-action phase. It’s a good concept and can be applied to plenty of businesses, especially fairly basic ones that involve providing a service as a freelancer or selling a digital product.

      Plan Deadlines First:
      Another way to try and dodge planning paralysis is to make the first act of planning the deadlines for implementation. You might stipulate that you should be advertising and working with your first client by the 1st of the next month, or your information product will be edited and ready for digital distribution within three months on a specific day.

      The hard part about making this concept stick is that you might just change the deadlines. Do what you can to make yourself accountable. Many people suggest telling a family member or friend about your self-imposed deadline but I don’t think this works effectively. It’s better to book an ad with a non-refundable deposit or make some other sort of business arrangement for that date so you’re forced to be ready!

      The first objection to that method of keeping yourself accountable is that you’re screwed if things go wrong and you simply can’t get ready by the deadline. I think it’s a fair risk to take and losing a deposit is much better than getting stuck in the planning phase!

      Lastly, I want to say that there are certain projects and endeavors that do take extensive periods of time to put together and coordinate before they can be launched. These are rare, few and far between and incredibly difficult to get off the ground, but they do exist. Chances you’re first business will be one of these? Well, I wouldn’t say it’s out of the question, but it’s also not too likely, so don’t use it as an excuse!

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      Joel Falconer

      Editor, content marketer, product manager and writer with 12+ years of experience in the startup, design and tech digital media industries.

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      Last Updated on July 2, 2020

      13 Common Life Problems And How To Fix Them

      13 Common Life Problems And How To Fix Them

      In life, we encounter problems as we breathe. But it doesn’t get to us until we feel a major impact, and that’s when it becomes a source of concern, hurt, or sorrow.

      Life problems, depending on their magnitude, can be clogs in the wheel of progress, and we may not be able to attain our full potential if we don’t learn to place our problems in the proper perspectives as suggested in Robert Schuller’s Tough Times Never Last.

      In this article, I have identified some common areas where you will most likely face problems as you make progress towards reaching your full life potential. I have also suggested practical approaches in handling, managing, and solving such problems.

      1. Financial Crisis

      We live in an uncertain world and a financial crisis may come at different stages of life. While you should always anticipate and prepare for a financial crisis, it may still catch you off guard or the magnitude may be far more than any preparation you have made over the years.

      It could be that you lost your job or a major investment, got slammed with a lawsuit that threatens your savings, or have your livelihood be affected by a major disaster. So what do you do when you are in a financial mess?

      Solution

      To overcome a financial crisis, you will have to come to terms with the crisis. Acknowledge and accept the situation and begin recovery by setting your financial priorities right.

      The next thing to do is to identify the cause of the crisis. If it’s due to a job loss, then your effort should be directed at getting a new job. If it is having multiple debts, look for ways to consolidate your debt so that your monthly debt repayment can be consolidated into one instead of being burdened with multiple payments.

      You can also sell some of your assets to raise money to save the situation, or look for a better job if you are earning less at your current job. Don’t hesitate to ask for help from family and friends if you need to.

      2. Health Crisis

      Another major problem that might come up in your life is a health crisis. This is not far-fetched because our body systems work round-the-clock, even when we are sleeping. As a result of this, and if you don’t maintain routine health habits, health deterioration might begin to set in. Things might even get serious if you don’t attend to it early.

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      Solution

      When you are facing a major health crisis, the first thing to do is to consider lifestyle changes. This includes cutting down on junks, eating healthy diets, exercising, breathing fresh air, taking some sun, etc.

      Apart from the lifestyle changes, you have to seek quality medical help and make sure you get different opinions about the state of your health so you can get the best affordable care.

      3. Relationship, Marriage, and Family

      There may not be anything as sweet as love and family life, but it can also be the source of pain for some. Human imperfections in a relationship can cause a major crisis in life. This has been a stumbling block to many on their path to fulfillment.

      Solution

      The best thing to do is to prevent relationship problems from happening, but if they do happen, you need to face reality and begin to take steps towards addressing them. Do your best to keep the lines of communication open as this can help in strengthening your struggling relationship. Talk about the challenges with your partner and look for common grounds.

      You can also arrange to see a counselor together or read books that address the specific challenges you are facing. The worst thing you can do is to end a relationship and that’s only when you have exhausted all other options.

      4. Workplace

      The workplace is supposed to be a place where we dutifully render the services for which we’ve been hired.

      However, it is not impossible to face animosity at work—dealing with toxic people who would rather not see any good in what you do. It might be caused by differences in background, attitudes, and unhealthy competition that can result in personal conflicts. This can create undue stress and reduce productivity.

      Solution

      Be as professional as possible when dealing with toxic people. Be kind and show understanding, and try to avoid personal confrontation.

      You can even try to reach out to the persons and invite them over for a coffee and get to understand their worldview. This can help you to connect with them at their level so that you can avoid unnecessary stress for yourself.

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      5. Career Pressure

      In your quest to become more successful, you will likely encounter work-related pressure. Such can come when trying to stabilize your career or climb the career ladder. It can also come as a result of overworking and having no life. Career pressure is one of the most common life problems.

      Sometimes, it may be that the promotion you are working hard to get is not coming or positions you are qualified for are being offered to others. The pressure can get more intense when you find that most of your colleagues are moving ahead of you.

      Solution

      Check to find if you have personal or attitudinal problems. Some attitudinal problems can put you at a disadvantaged end. It may be poor communication, poor personal grooming, or poor relationship and networking skills. If it is any of these problems, then work on improving yourself in those areas.

      You can also observe your colleagues who are succeeding and take note of what they are doing differently.

      6. Unfair Treatment

      We are in a world where some people often think they have some privileges over others and may want to exercise this thinking and treat others unfairly. If you find yourself in an environment where you are being oppressed or treated badly because of your race, gender, or current status, this can make you feel really bad and can also affect your psyche and productivity.

      Solution

      There is the temptation to decry your treatment, defend yourself, and demand a change immediately, but you should really wait for the right opportunity to do that.

      When the time is right, reach out directly to the person or authority involved, and make it private. Meanwhile, you should be factual about the instances of your unfair treatments. Don’t just say it that you are being treated badly; give several undeniable instances.

      Once you’ve made your grievances known politely, keep being you. If things don’t change, you can cocoon yourself in that environment. If you have an option to leave, you can do so as well.

      7. Emptiness and Boredom

      When you are in a rut, everything becomes normal, dull, unproductive, and yet difficult to change. This can lead to feelings of emptiness and boredom. This may not seem like a serious life problem, but it can have a great impact on your life.

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      Solution

      To overcome boredom and emptiness, break out of your routines, and deliberately create a new experience for yourself. If you can’t leave your job to find a new one, start doing other things that reflect your true passion. Sometimes, the things that give us the needed drive in life are not our day jobs.

      8. Confusion

      Confusion is described as a change in mental status in which a person is not able to think with their usual level of clarity.[1]. It is inherent in forgetfulness and lack of concentration.

      It can be caused by different things including medical and environmental factors. It can also be due to the experience of a loss, a heartbreak, or abuse.

      Solution

      Don’t allow the situation to deteriorate into something more serious. Try to snap out of whatever experiences you have had that is causing confusion. Seek medical help if necessary or talk to a psychologist.

      9. Friendship Problems

      We need friends in our lives to rob minds and hang out together and even help us when we run into trouble. But many people have found themselves in serious trouble as a result of the company of friends they keep. They’ve experienced jealousy, backstabbing, and betrayal of trust. Some friends have even used the information freely provided in times of friendship to betray trust.

      Solution

      Don’t open up on everything to friends. Keep some information only to yourself. If you notice that a friend is working against you, confront them with the truth. Limit your interaction with them or get rid of such toxic friends completely.

      10. Haunting Past

      We all have pasts, and we might have done some crazy stuff in the past before we begin to live a more civilized and decent life. But sometimes, the past comes back haunting. It’s even worse when life problems of the past haunt you back and become problems of the present.

      It may be that what you have done is now striking your conscience, keeping you awake at night. Or someone who knows about it is trying to use it against you, and it is standing in the way of your progress.

      Solution

      Be true to yourself and forgive yourself. If it is an issue with another person, you can reach out to the person to settle with them. If it is a secret that is now being leaked out, own up to it, take responsibility, and move on.

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      11. Safety and Security

      You may find yourself in an environment where there have been unexplained murder, gun violence, police brutality, insurgencies, and other life-threatening situations. This can make you feel like you might be the next victim. What should you do in this situation?

      Solution

      Ensure that you watch where you go and keep your home secure. You can also get involved in a neighborhood community watch to collectively find solutions to the threat. If the situation persists, you can move to a more secure location.

      12. Failure

      Failure can bring disappointment and can also slow the pace of progress. But failure is also part of life, and we have to learn to deal with it. But what do you do when an experience of failure weighs you down?

      Solution

      You can read a book or biography to get inspired by other people’s success stories.

      13. Grief

      No one loves to grief but we can’t totally shield ourselves from it. The loss of a loved one is painful and, if not properly handled, can lead to an emotional breakdown.

      Solution

      Take your time to express emotions. You can also pen an emotional tribute to the individual. Writing can help us bring out the feelings that cannot be expressed otherwise, and it helps us breathe a sigh of relief.

      You can also cope with your grief by helping them to realize some of their unfulfilled dreams or do something in their honor. Lastly, while you think about your loss, you will still have to move on, accepting the fact that life is transient.

      The Bottom Line

      Problems are what make life worth living. They help us adapt to become tougher as we adapt to different situations. Always remember that whatever problem you are facing has a solution or, at least, a manageable approach.

      Therefore, never allow your challenges to stop you from fulfilling your true potentials in life.

      More Tips to Help You Get Unstuck

      Featured photo credit: Danka & Peter via unsplash.com

      Reference

      [1] Medicinet: Confusion: Symptoms & Signs

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