In most of my recent conversations with budding entrepreneurs, this is the most important subject I harp upon. In today’s fast-paced business environment, and the Internet of Things age it is very easy to forget the basics and get swamped in the hurricane of information that is being thrown at us every day.
Recently I have been appointed acting VP on yet another board which will make the current mark to 3 start-up boards I am presiding on. All very different sectors one is the Food Industry, second training, and third technology company excluding my own brainchild Green Lab Films & Media. I can not reaffirm anymore the need to better plan upfront to save toil later. However, I also know for a fact no matter how much you plan things will still go wrong it will still rain during the parade.
This is when having a plan B comes into action, you must have already heard about the buzzword “fail fast, fail forward” for people who haven’t heard this term earlier. It means don’t be afraid to fail “let fear not freeze your actions” which is another way of saying plan better my friend. I remember my maths teacher always use to say “Try and try again until you succeed” and I can’t deny for fact how true it is for Lean Entrepreneurship.
In my 25 years of entrepreneurship experience (I started my first venture at fourteen, now don’t calculate my age ok!) I can’t tell how many times I have failed at one thing or another but still have kept going. From selling door-to-door instant dumplings mixture to selling pest control solutions to selling NB nature bonds to selling media technology and film distribution. One thing always led to another only what counted was not burying my head into failure but focusing on solution. In fact that’s what lean entrepreneurship and agile mindset talks about, which if succinctly to put in my words is nothing but planning enough to never run out of runway.
“Give me six hours to chop down a tree and I will spend the first four sharpening the axe. – Abraham Lincoln”
To read more about lean entrepreneurship or attend my upcoming seminar register here or put a comment below. Till then, Sayonara!
Originally Posted ON November 27, 2017
