The other day I participated in a questionnaire on a site that I frequent. The poster asked what the biggest business mistake was that the readers had made, in hopes of us all learning from one another.
My mistake was this: jumping the gun. I have a tendency to let the creative juices flow, get involved in the planning and executing, without stopping to think about the possible negative consequences. I get so excited about the hopeful outcome that sometimes I overlook potential pitfalls.
Interestingly enough, I’m reading The Big Book of Small Businesses by Tom Gegax and one of the first thing that he states in chapter 1 is that entrepreneurial types tend to jump the gun. This can be good and bad, according to Tom. How will we ever start making money if we don’t get out there and just go? It takes a certain personality trait to think about an idea and then to follow it through and make money from it.
That’s the great part about our personalities. The downer of course is that we sometimes don’t stop to think through each step, such as how it will impact the family, how much money we will need, or the little steps that must be taken before we can even open our doors.
What can we do to compensate? Be organized. Make notes. Keep a journal. Follow a plan. Write a business plan. Talk our ideas through with others before we act on them. Test the waters with our ideas if at all possible. Also, look around to see if others are doing the same thing that you are doing and study how they do it. You don’t want to copy what others are doing, but sometimes they may have figured out what works best and what won’t work at all. Use them as guides but follow your own niche at the same time.
Have a great Thursday, BusinessMoms!