Great advice. I’ve definitely had to learn both these lessons, as I’ve been building my blog. How do you determine when enough forethought is enough and it’s time to try out an idea?
Great question, Bo! It really depends on the person, how risk averse they are, their business goals, and what they know about how they make decisions. If you’ve validated the idea with your ideal clients, and the project fits your goals and other business considerations like time and money, and you know that you tend to play it safe then it might be a good idea to take the risk.
If thinking begins to feel like stalling then it’s a good idea to check in with your gut and see why. Is your gut saying that the product will fail because your ideal client says they want it, but past experience says they won’t be willing to pay for the product? Or is the stalling due to fear of failure (or success). If it’s fear of failure or success, then try out the idea!
Great advice. I’ve definitely had to learn both these lessons, as I’ve been building my blog. How do you determine when enough forethought is enough and it’s time to try out an idea?
Great question, Bo! It really depends on the person, how risk averse they are, their business goals, and what they know about how they make decisions. If you’ve validated the idea with your ideal clients, and the project fits your goals and other business considerations like time and money, and you know that you tend to play it safe then it might be a good idea to take the risk.
If thinking begins to feel like stalling then it’s a good idea to check in with your gut and see why. Is your gut saying that the product will fail because your ideal client says they want it, but past experience says they won’t be willing to pay for the product? Or is the stalling due to fear of failure (or success). If it’s fear of failure or success, then try out the idea!