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Double Down or set Stretch Goals

Discussion in 'The Unscripted Entrepreneurial Mind' started by Andreas Thiel, Sep 25, 2018.

  1. Andreas Thiel
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    Andreas Thiel Bronze Contributor Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass

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    Hi all,

    I realize this might sound a lot like asking you guys to make a huge life decision for me, but I can assure you I have already spent quite some time pondering the question, am already in motion and will go with a best guess decision if there are zero replies.
    Impulses might change my trajectory. There is a lot of doubt that might be resolved with anecdotes or words of wisdom.

    For me, some advice here is at odds with competing advice. Namely:
    a) you should have a growth mentality and you constantly need to expand your comfort zone
    b) you should commit and work on your business until it is valuable and profitable ("business monogamy")

    I can see how this can be seen as an optimization challenge, but I am wondering if it makes sense to emphasize one over the other when you know that you have a huge deficit in one area.

    In my case I execute all day, every day (working on software in a day job) but changes of pace and unexpected events are extremely rare. Now I fear that being in guppy mode around the clock might cost me in the long run.
    On the other hand I feel that having a finished MVP / prototype would give me leverage that I could use for a smoother transition into shark mode maybe a year from now.

    What I am considering is introducing challenges and stretch goals into my life. These challenges would delay progress on the project that I am working on and force me to go where "it hurts".
    Can't really say I am leaning in one direction at this point.
    I wanted to use a decision matrix, but I could not think of more than two points to take into consideration (let alone come up with a factor for them).

    Thoughts? Thanks!
     
  2. Rabby
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    Rabby Bronze Contributor Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass

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    Are you saying you do or do not have a minimum viable product right now?

    Is there any person or organization who can benefit from what you have so far, by distributing it to a market or audience they know? Either your product or the knowledge you've gained in pursuit of the product?

    I couldn't tell from your question where you are in the product development cycle. I would be cautious about trying to take on more, more, more, more learning, more expertise, more hours of work. While you can do that in bursts, you'll burn out if you try to become superman. Also, you can become so self-dependent that you run into problems creating a business... all self-skills and no organizing-people skills. If that makes sense.
     
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  3. Andreas Thiel
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    Andreas Thiel Bronze Contributor Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass

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    Thanks for the reply :)

    No, I have a pretty detailed concept of what I want to create, but am very early in the execution stage - mostly because I want to create the MVP using the new technology (Liferay). Everything I have so far can only be considered a Proof-Of-Concept Sandbox that is not presentable (think pointing at a cryptic logfile and promising the proof is in there somewhere).

    I think reality pretty much pointed me in the obvious direction to take. It probably does not make sense to put the execution in my spare time on hold for a while to fix my shortcomings instead and learning Liferay at work.

    Now things are just reversed. Office politics and trying to have an impact on the direction of development at the company should be the right kind of "stretch goals" to address my weaknesses.
    Working on personal projects for a few hours after work should be possible and less stressful.
     
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