Money Loves SPEED!

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All too often, when a new business idea pops up, we usually do several of these:

1. Plan…

2. And plan…

3. And plan some more…

But we don’t execute.

Because there is still not enough planning!

Or we might plan, and do, and refine. And refine further, wanting to be perfect each time. But then you find, to your dismay, it is still not there yet. And you keep going on…anyway…

Just one thing. The idea never come into fruition because you don’t launch and start selling it!

Sounds familiar?

You know, if you analyze most of the successful products you see out there, 99% of the time, they are not the final version when it was first launched.

They were improved upon feedbacks along the way, and they slowly evolved to winning products that the users love.

I think for a lot of us, me included, we must inculcate in ourselves one simple yet important mind-set, that is to - launch and then tweak.

We have to suppress our sometimes insatiable desire to be perfect all the time.

Truth is - sometimes - we don’t know if the idea works. Or if it’s really what the audience wants…UNTIL we sell it.

The audience will give the best feedback.
‘Cos they vote by their wallets. You can then tweak and refine from there.

Speed is of the essence. Money loves speed!

The moment you come out with a product, take it..and sell it!

If not, the longer you take, the more expenses you will chalk up. And what about opportunity costs?

Focus more of your time on sales and marketing.

Yes, keep the development going to ensure the product will be of the highest quality possible. But NEVER forget the sales and marketing. It will have to take precedence.

Now I want you to repeat after me…

Money loves speed. Launch then tweak….Money loves speed. Launch then tweak…Money loves speed. Launch the tweak…

When you are quick enough with your launch, decisive enough with the sales and marketing strategy, add together with a reasonably good
product that provide above average value, the money will come.

And it won’t be a question of when the money will come. But how much…

I think these are the under-emphasized points in business.

Once again, let me know what are your thoughts on this. I love to hear them.

All Success,

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After we have made a thorough plan, we put into actions the ideas and plans that we’ve come up with. And I think another is that we are afraid to take the risk.

i love the title, also the content. yeah money love speed and we love MONEY!

After we make an action plan, we must…..action :)

That’s the logic. Just planing will not bring you money..

Hi guys,

I think you guys got it. A plan must be followed by with ACTION! And not just action, but FAST & DECISIVE ACTION!

CHeers,
Jag

You got it!!

Those are the best ways to become successful not just in business, but also to other aspects of life and to attract positive things. Very interesting topic!

So true… I have so many scrapped business plans, I wonder what would have came of them if I stuck with them?

Hi James,

I feel you. I feel ya man…

Never mind. Better late than never!

Jag

This is so true for building websites and online income. The best decision I ever made was to get started and even if I didn’t know what I was doing at first, the early work was easily converted into more optimized purposes once I had learned a little more.

If you want to learn to swim, you’ll have to get into the water!

It’s called analysis paralysis by some. One fellow recoined the phrase: Ready Fire Aim!

Think about that one. Let’s just get going on a plan, stay with it long enough to make a reasonable facsimile of a website or promotion or whatever, “launch it” and then go back and polish and tweak. There’s nothing like actually getting past the getting ready to get ready stage.

To quote Nike - Just Do It! Really, there are no sharks out there.

Hi Marni,

Yes. Ready, Fire, Aim! Just sell. Do it. Don’t waste time.

This post is a tribute to Michael Masterson. He taught me a lot!

Cheers,
Jag

This blog was very helpful, thank you for the information.

In theory, you’re damn right. To the last letter and comma.

But there’s this problem : energy. We’ve used our brains to observe, analyze, syntetise what we saw, what we knew, and we came up with this brilliant idea. The brainchild.

From now on, comes the part when you just don’t sit there and fondle an image, but get actively involved. But that includes sweating, failing, retrying times and again, maybe losing some money in the process, sharpening, refining. All of this while being out there, convincing people that you’re true, your idea is not fake or copies, that you’re worht the investment in the initial product.

Usually the smart guys come with a booming idea, sell it to some corporation ready to take over, and find themselves rich. It only takes the commitement to raise the baby idea to at least a toddler, if not a fully-featured brain-child.

Ok, who’s next with an idea?

Emirhan,

In theory, it works. And in reality, as you pointed out, energy is required. And without energy, AND the commitment to take consistent action, ideas won’t move.

When ideas don’t move, there is no speed to speak of. Money doesn’t come in.

Jag

I always think about the speed and money indeed :)

Those are the best ways to become successful not just in business, but also to other aspects of life and to attract positive things.

It’s called analysis paralysis by some. One fellow recoined the phrase: Ready Fire Aim!

Yes with out money the plans are not worth.Because if we dont have enough funds we cant do any thing .So we need to invest some to get some, this is how it goes.

Hi Kristian,

You know…I really do understand where you are coming from.

Sometimes, the lack of funds can hamper the business…a lot.

But with that said, don’t let that hold you back.

Take action. Have the plan up. And start selling…sell to investors first. Get them to believe in your system. If it is good enough, you will find someone who will take a risk in your idea.

Then start selling to your customers. Find more. Sell more. Give a lot more value to your customers and partners.

Good luck!

Jag

You have a good point. We’ve all had ideas that don’t go anywhere for lack of action. Once you pick a winner, place your bets and get moving.

Another good post. My problem is that I need to strike a balance. It seems I either jump into things with too little planning, or plan and plan and procrastinate forever on actually getting started.