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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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      Published on September 16, 2020

      12 Practical Interview Skills to Help You Land Your Dream Job

      12 Practical Interview Skills to Help You Land Your Dream Job

      Today, with many companies going remote—at least until there’s a COVID-19 vaccine—technical proficiency is a vital skill for every interviewee to master. You may be asked to interview for a job on Zoom or Microsoft Teams. The way you handle yourself in the online interview (your interview skills) will say much about your ability to work from home efficiently.

      Does your workspace look clean or cluttered? Is the area free from noise? Is your home office well lit?

      Once hired, you may be asked to organize meetings on Zoom and other platforms. Along with mastering the technology, you will have to learn to follow certain protocols.

      Now is the time to get up to speed on your technical skills. Learn which interview skills are needed for the particular job for which you are applying and practice them.

      Online learning sites, such as LinkedIn Learning and Udemy, offer courses for free or a nominal membership fee. If you are a DIY type, make use of training videos offered through your particular digital tools.

      Additionally, demonstrating that you have these 12 interview skills will help you land your dream job.

      1. Organization

      When you work in a brick-and-mortar office, some of the organizing is left to others. Your direct supervisor may host a Monday morning quarterback meeting where each worker reports on the progress on their tasks.

      When you work from home, much of the organizing will be left up to you. To a much greater extent than before, you will need to develop a schedule and stick to it. Some tasks may be faster to complete from your home office where you don’t have other workers competing for your attention.

      Conversely, you may find that some tasks that would have gone quickly in an office seem to take forever from your home computer. Your phone may ring a lot, which can distract you, or you may have kids and a spouse who inadvertently disrupt your schedule.

      To do: Set a schedule and stick to it.

      To discuss during your interview: Be specific. Point to the interview skill you utilized to create a schedule for a complex work project and followed it.

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      2. Flexibility

      You set a schedule for the completion of your tasks, but your prospective boss gets their work done between the hours of 2:00 and 8:00 a.m. Your West Coast partners are three hours behind your East Coast partners, and one of your partners lives in England while another lives in Australia.

      Feedback and collaboration (see point 3) may need to happen asynchronously. Be the flexible candidate—the person who is willing to occasionally disrupt their schedule for the greater good of the team.

      For extra credit: don’t just look up time zones, look up whether they observe Daylight Savings Time.

      To do: Be flexible about meeting times.

      To discuss during your interview: Highlight a time when you worked on a team where members lived in different time zones. Discuss your processes.

      3. Collaboration

      As recently as six months ago, before the pandemic raged around the world, collaboration wasn’t quite as essential as it is today. In a remote office setting, collaboration doesn’t just mean working well with others—but actually sharing documents and editing them online on time.

      Several cloud-based tools, such as Google Drive, Basecamp, and Trello, enable the type of collaborative teamwork that most companies want today.

      To do: Download the correct software and practice using it.

      To discuss during your interview: Discuss how you worked remotely with a group. Share how you overcame certain challenges.

      4. Poise

      Murphy’s Law states, “Anything that can go wrong will go wrong.”

      When things do go awry, keeping your wits about you will demonstrate your consummate professionalism under fire. This will show your future bosses that you will be able to work well under the pressures of remote work.

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      What could go wrong, you ask? You might be muted without realizing it—your Internet connection may not be robust, your headphones may blip out, your cellphone may ring, Zoom could have an outage. The list goes on and on.

      To do: Make sure you have the most up-to-date versions of Skype and Zoom uploaded.

      To discuss during your interview: Consider highlighting a time when a project did not go as planned. Demonstrate the interview skills that allowed you to rise to the challenge.

      5. Communication

      Your ability to handle online communication is one of the top critical skills you will need to thrive in today’s remote workplace. Download Slack if you haven’t already. Get used to toggling to a different form of online communication if one of your tools fails.

      When it comes to the preferred format for your online interview, demonstrate proficiency by offering several different options. Give your phone number, Google Chat Hangouts name, and Skype ID.

      To do: Familiarize yourself with video conference and online chat tools, such as Slack, Fleep, or Workplace by Facebook.

      To discuss during your interview: Be prepared to share the online communication tools you’re using and examples of how you use each one.

      6. Good Computer Hygiene

      Setting up a backup system for your computer files is one of today’s crucial requirements for working in the digital age. Storing documents that can be shared by team members is also an efficient way to work together on presentations, articles, and reports—although studies show nearly one-third of employees avoid them because of the time it takes to find documents.

      Be prepared in your interview to indicate your experience utilizing this technology, describing how you organize and store files using cloud-based collaboration tools. How do you keep track of links and tabs? Do you use Dropbox? Google Docs? Confluence? Others?

      To do: Take inventory of the cloud-based document sharing and storage systems you know and use.

      To discuss during your interview: Describe the document sharing tools and backup systems you utilize—both for personal protection and professional file sharing.

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      7. Proper Meeting Etiquette

      Today, presenting yourself virtually has its pros and cons. While you only have to show a professional persona from the waist up (make sure to straighten up your office space behind you), you must boost your energy to show that you’re engaged in the discussion.

      Make your voice as upbeat as possible. Have your talking points at the ready and be careful not to ramble on, as long virtual meetings easily become tiresome. Use the mute and chat features to avoid interruptions.

      To do: Once you know the meeting platform, make sure you have it mastered before your interview.

      To discuss during your interview: Offer to share your screen to show an example of a work project— while at the same time demonstrating your prowess with video conferencing tools.

      8. Respecting Feedback

      In the age of working remotely, there may not be as many systems in place to obtain feedback (such as yearly performance reviews). Workers may need to ask for feedback, while managers may need to give more feedback than usual as the team adjusts to working off-site. Respecting feedback is on top of the interview skills list that you should learn.

      Taking a proactive approach with giving and receiving feedback and incorporating it into your work style is a desirable quality that your employers will note.

      To do: Reflect on the positive feedback you’ve received from past employers to bolster your confidence.

      To discuss during your interview: Share a time when you received feedback that made you grow in the job. If you’re a manager, share a time when you gave feedback to an employee who needed to better their job performance.

      9. Project Management

      Staying on task with projects has evolved far past a to-do list, with electronic tools that can track time, manage team workloads, and even do the client billing. While your prospective employer may have its preferred project management program, your experience with any of the various options—whether it’s Basecamp, Teamwork, Smartsheet, or another—will be applicable.

      To do: Know which project management software is likely to be used by the industry in which you’re interviewing, and familiarize yourself with its features.

      To discuss during your interview: Highlight a project management feature that is particularly useful in helping you excel in your work, and explain how you utilize it.

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      10. Staying up to Speed

      Employers expect their remote workers to be technically proficient so that technology runs smoothly and doesn’t create work disruptions. Bosses count on remote workers to know enough about their systems to manage them without relying on the help of overworked IT staff.

      To do: Make sure you have a fast internet connection and have a back-up plan, such as a second computer or other tethered devices.

      To discuss during your interview: Note that you are diligent about keeping your computer and software up to date.

      11. Attention to Cybersecurity Issues

      “Virus” is a loaded term these days. Spreading a computer virus in your company, however, will not only bring productivity to a halt, but it will also make you a pariah. While working from public places using free Wi-Fi (with uneven security provisions) has waned, in pre-pandemic times, coffee shops accounted for 62 percent of Wi-Fi security breaches.

      To do: Keep antivirus software updated and don’t download software without verifying its authenticity.

      To discuss during your interview: Emphasize your awareness of cybersecurity risks and your care in taking necessary safety measures.

      12. Teamwork

      Work relationships now mostly happen in virtual settings, yet employers value team-oriented workers.

      Being a part of a team gives you a sense of connection and shared purpose. A well-honed team understands how mutual reliance makes the sum of its parts greater than when individuals act on their own, improving the end product.

      To do: Take stock of your attributes as a team player and where you can cultivate skills that will enable you to work more collaboratively.

      To discuss during your interview: Inquire about the company’s culture and how it encourages a sense of community despite working remotely.

      Final Thoughts

      Preparing for remote positions available in today’s job market will mean honing your interview skills to highlight your technical abilities as well as your adaptability. By adhering to these To-Do’s and perfecting your online interview skills and charisma, you will rise above the competition and win over any prospective employer.

      More Tips to Improve Your Interview Skills

      Featured photo credit: Christina @ wocintechchat.com via unsplash.com

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