There are 3 powerful reasons, why you should take action on your next business idea.
It might work out just how you wanted, right out the box!- It might work later, after you make a few adjustments. By putting an idea into action, you attract feedback. Feedback allows you to tweak and improve.
- It might flop. If it does, you get to learn from it and invest that learning in future opportunities. This is how most true progress is made.
Feedback is your friend
When you truly understand the value of feedback, it becomes a lot easier to take action with your ideas and insights. Looking at the 3 possible scenarios above, you will have noticed that it’s impossible for you to fail – UNLESS you fail to take action.
One of the great paradoxes in life, is that the best way to succeed more often, is to increase your (so called) failure rate. The challenge here, is that many business owners have not yet figured this out. They avoid taking action on their ideas, unless they are convinced, in advance, the idea will work out exactly how they want it to.
Take action. Give your ideas the opportunity to fly and give yourself the opportunity to learn. Increase your failure rate by 500% over the next 12 months and I’m telling you, you will make more progress than you can imagine.
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Hi Jim,
I like one and two. Three might take a little sugar to make the medicine go down. Oh, wait, this is business not a Disney movie.
All good ideas. Try it – it might work.
Thanks!
Ken
Great tips, I love it. Sadly, what I see from most of my friends is that they won’t even take action because I just think they are too afraid to fail.
I have failed countless times, but I wouldn’t change anything for the world! No matter what kind of project you’re going to start, you’ll soon find out that you make anything good no matter what the outcome is!
There are lots of fear around failures. Many are afraid of being hurt, losses or not knowing how to react when they fail. What works for me is to detach from the expected outcome. And tell myself, if it fails, so be it.