Some entrepreneurs just jump into the business. Some entrepreneurs take time to chalk out the plan, analyze the nitty gritties, and cover all the possible risks and their solutions before starting the business. But who will attain success quicker is the question.
In both cases, the first and foremost quality one should have is faith in their business. They should focus all their energy, resources, and mind on building the business.
To start the work with planning, it needs a lot of visualization, focused effort, imagination, foreseeing the risks, and experience. To work on this, one has to focus on controlling the senses, should not get anxious or stressed by thinking of too many permutations at once, and should plan the business keeping self interest out of it, instead seeing how one can build a business that will uplift and empower everyone associated with it.
This is not going to be easy because every plan is based on many assumptions and ever changing scenarios. It can be overwhelming even for the most knowledgeable person. When they start implementing the plan, if one unforeseen condition occurs or certain conditions are not handled well, they have to go back to the drawing board and revisit the entire plan. Even a small change can make them go through the entire cycle of planning and fine tuning every plan and parameter.
So it is better to start the business with basic knowledge and skills. Develop the business and oneself over a period of time based on real time conditions. One can have forward thinking, but that should be based on real time scenarios. There is no overburden of thinking through all possible conditions, because one only has to deal with the existing condition. There is no need to think about situations that have not yet impacted the business. This leads to a linear application of knowledge and helps avoid repeated cycles of planning and fine tuning.
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