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Getting used to 24 7 year in year out biz strategizing

Discussion in 'The Fastlane' started by RogueInnovation, Aug 17, 2013.

  1. RogueInnovation
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    RogueInnovation 150 kph Read The Millionaire Fastlane Speedway Pass

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    I wanted to ask for advice on committing to a biz so completely that you are willing to think about it 24 7 from those with experience, but I also want to add some value, so below is what I understand so far. Please feel free to not address the below directly if you have a more direct and efficient view regarding the topic.



    Thankyou :)


    Initially its really difficult to want to commit to any business in particular.
    We all start, liking great "ideas" and talking some general shop wisdoms, but commiting to following through on investments isn't as easy.

    I think we like ideas because we are not really looking for or ready for a great investment.
    We like ideas because we think that "easy money" ideas exist, but the truth is that only "easy money" commitments exist and commitments are always a hairy proposition.

    When you operate upon an idea you disconnect from the work as soon as you are done writing down new aspects of it. But when you operate on a committd investment it is in your blood day and night, which will be uncomfortable unless the investment was wise enough.

    Limbo:
    There is a place between an idea and an investment, and the real difference of the investment is when you have put enough "stock" "proof" "faith" into the idea that you look at it as an oncoming reality.

    When you finally understand that your idea is a worthy investment of your time, and you have allowed it to become an oncoming reality, it will cause you to be nervous about the 24 7 commitment you are now under. You start to encorporate your business planning into your 24 7 activities and thoughts. The task is then to "be okay with this for the forseeable future".


    Ideas are great for flattery, but all that seperates it from an investment is becoming comfortable "living with it".

    Can you live with your idea yet?

    If yes, then it is time to invest, live and learn about the nature of your ideas when up and running as a venture.

    (please excuse any weird grammar)
  2. AmyQ
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    AmyQ 110 kph

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    Two thoughts:

    1. There is a Greek myth about a man who sits beneath a fig tree, trying to choose the perfect fig to eat. His indecision leads him to inaction, so he starves to death surrounded by food. Indecision is another form of procrastination. When disguised as thoughtfulness or caution, procrastination can be very seductive, but is no less deadly to success than any other form of procrastination.

    2. If you focus on business processes, you mitigate your risk of sunk costs when you commit fully to a business, even if it doesn't work out. If you learn business processes for managing workers, money, customers, etc...you can take those skills onto your second business endeavor even if your first business doesn't pan out.
  3. Ungodly
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    Ungodly Relentless FASTLANE INSIDER Read The Millionaire Fastlane Speedway Pass

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    Quoted for truth. Speed+
    1 person likes this.
  4. RogueInnovation
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    RogueInnovation 150 kph Read The Millionaire Fastlane Speedway Pass

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    So hedging your commitments with thorough processes, and transforming your procrastination into a process that is not dependant on indecision/perfection.
    Really nice.

    I'll hunt down hidden procrastination, and make sure my processes get enough focus to hedge my commitments.
    (thinking again on Amy's response *taking it in*)
    Yes, I haven't realised the value of processes as much as I should have, I do see some beauty in my processes though. I mean, I look at my biz adjustments and smile, and I think about doing it in a months time and it doesn't give me a headache. Its important that I make that more robust.

    As for the figs; a person might want the perfect fig to compensate for their fears... And a person can "hide behind a great idea" if they treasure the fig they have too much, which would be counter productive to the flexibility necessary for a sharp biz mind.

    So,
    a) Be robust in your future processes
    b) Ground yourself by being aware of when you are compensating/hiding

    Thanks amy

    One thought I had before:
    Beauty needs a witness and a good plan needs a market to appreciate it.
    So if you love your idea, you gotta be less possessive and get it out to your market.
    Let them SAVOR in it and immerse themselves in the abundance or efficiency you provide.

    They'll see it from an objective perspective though, so be sure not to expect a result bigger than your own.
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