GB Ep 66: Why Indecision Kills Entrepreneurs

Today I’m sharing a couple personal anecdotes around the idea that indecision and analysis paralysis can kill you as an entrepreneur.

1. Not firing quickly enough [01:18]
   • When I took over this company, we had to fundamentally shift our business model, so some people who used to be a fit didn’t make sense to keep around anymore. I didn’t have the heart to fire them, but in reality I was hurting the individuals by holding them back and hurting the company.
2.  Not pivoting fast enough [01:59]
   • Even though I did fundamentally shift the business, I took way too long to do it. Not pivoting fast enough can really kill a business because you lose a great amount of time and money. Everything gets slowed down and it kills your momentum.

• Ultimately, indecision is analysis paralysis. [02:29]
  • You over-think goals and key metrics. Ultimately, it’s best to simplify things and pick what you feel is the highest-impact decision and go after it: all the analysis in the world won’t get you anywhere if you don’t take action. Even if you make a mistake, you can learn from it and keep pivoting.

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DISCLAIMER: Your results may vary depending on the stage of your business. Like any program, there are no guarantees that you will have the same result. It's all about the work you put in!

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