When Is Enough Enough?: How I’m Avoiding Over-Preparing For My Business

I found an interesting thread on a forum the other day.  The thread begins with a young man nicknamed ”clutch” asking the forum members for their advice on the steps necessary to prepare for a new computer repair business.  He proudly lists some things he’s considered acquiring before he beings, things like spare parts, repair tools, boot disks.   Soon thereafter one of the seasoned vets of the forum, “Prime Suspect”, gives him this piece of advice:

“I hate to be so blunt about it, but discussing and planning and thinking and nailbiting doesn’t get a business to be successful. Every second that you spend planning it and asking for advice is wasted time. ”

You can read the full thread here.

A bit of a harsh statement, but it reaffirms something that I recently discovered.  I, too, had a lot in common with “clutch”, spending hours gathering information and formulating plans.  While I think some planning is necessary, and a new business is not the sort of thing to jump into blindly, too much preparation can also be a hindrance to forward progress. [Read more...]