Looking
back, I am amazed at how many times I’ve jumped into a new business completely
clueless. For me, this ended up being a good thing. Did I have an exit
strategy? No way! Was I able to follow my business plan to a T? Definitely not.
As I was learning, my business plan kept evolving.
I
didn’t know it at the time, but the fact that my business plan was constantly
evolving played a huge role in my successes. There were failures too, of
course.
The
fact is, in business and in life, you never know what is going to happen,
especially in an economy that is constantly in flux. In that sense, treating
your business plan as though it is set in stone is detrimental to your ability
to succeed.
In
the clip from my interview with Cornell University below, I talk about the four
stages of learning and how they apply to entrepreneurs, as well as how a set
business plan can actually cause your business to fail.
I’d
really enjoy hearing stories about jumping in blindly to a new business or
opportunity. Have a story to share?
Let’s share experiences. Leave a comment below, send
me an email,
or find me on Twitter.
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