Entrepreneur Analytics
It was interesting to study how too much pre-analying is a bad thing when it comes to entrepreneurship. Not that you should jump head first into something without knowing what you are doing, but to engage and analyze on the fly resounds within me.
I desire to start designing and selling board games. Personally, when I learn a new game, having someone tell me how it works doesn't really help. Reading the rules gives me an inclination, but in reality, I learn the most by playing the game the first time. In the discussion of start ups, every time is the first time, and we need to be ready to analyze as we go to make sure that we are doing things right and headed in the right direction.
We need to come into a start-up with some wherewithal that gives us an understanding. But this is where risks and failing fast, cheaply, and often come in. We can analyze if the direction we are headed is the right risk to take, if it isn't, we can fail in that direction by taking up a new one.
I was studying about the toy industry and the niche market of board games and puzzles within it, and I discovered that it is ideal to focus your brand power on one certain game as opposed to stretching yourself thin over 6 or 8 different games at once. If the few I am working on aren't really passing muster, it is necessary to call it quits so I can focus on the few that do end up successful. It is easy as a creator to become attached to certain games and products. However, as a businessman, it is necessary to cut ties to focus on the few that do.
In an organic analogy, I as a man can weep over the thousands of sperm cells that don't make it to the egg, or I can be happy with the one that makes a child. Sometimes we need to forget about a few of the products that don't make it so we can assist and help the one that does. Difficult, but necessary.
I desire to start designing and selling board games. Personally, when I learn a new game, having someone tell me how it works doesn't really help. Reading the rules gives me an inclination, but in reality, I learn the most by playing the game the first time. In the discussion of start ups, every time is the first time, and we need to be ready to analyze as we go to make sure that we are doing things right and headed in the right direction.
We need to come into a start-up with some wherewithal that gives us an understanding. But this is where risks and failing fast, cheaply, and often come in. We can analyze if the direction we are headed is the right risk to take, if it isn't, we can fail in that direction by taking up a new one.
I was studying about the toy industry and the niche market of board games and puzzles within it, and I discovered that it is ideal to focus your brand power on one certain game as opposed to stretching yourself thin over 6 or 8 different games at once. If the few I am working on aren't really passing muster, it is necessary to call it quits so I can focus on the few that do end up successful. It is easy as a creator to become attached to certain games and products. However, as a businessman, it is necessary to cut ties to focus on the few that do.
In an organic analogy, I as a man can weep over the thousands of sperm cells that don't make it to the egg, or I can be happy with the one that makes a child. Sometimes we need to forget about a few of the products that don't make it so we can assist and help the one that does. Difficult, but necessary.
Comments
Post a Comment