Nate Seidle, who I happily call a friend, was being interviewed by Brad Bernthal as part of the Silicon Flatirons 'Entrepreneurs Unplugged" Series a couple years ago.
Nate started, owns, and runs "Sparkfun electronics," a successful electronics education center as well as a electronics component designer, manufacturer, and retailer.
The topic at hand was a philosophy of "Forget it, Ship it." The lesson here is that if there is a market for the beta version of a product you can be honest about that start beta nature - shipping it, and, make a little money along the way.
This fits in line with the concepts that abound these days about failure not being failure, rather failure is truly viewed as a learning experience. This is not just lip service, attempting and failing is better than sitting and musing about what could or should be without ever achieving anything.
So often when I talk to people I find that they are using a paradigm I call 'getting to no.' No this is not ready because of XYZ. No I can't do this until ABC.
For me it was about starting this blog. I know that I'm going to have mistakes (grammar, thoughts...you name it) and I was very hesitant to put my name and thoughts 'out there.' However, if I never started doing this, I would never had the opportunity to make these mistakes and hopefully get better. So for this blog I'm going to start posting more frequently and splitting my time between short and long posts as the Spirit moves me.
[to prove my point, this post has been sitting in drafts for 6 weeks, the topic came up in conversation today so I'm posting this without the usual polishing that I (and my brother Scott) usually apply].
Regarding an appropriate paradigm:
I believe the metric that one should use is: what is the worst case scenario? This is not actually a negative outlook. Instead it is a metric of whether something is worth undertaking or not. If the worst case scenario is not that bad, then why not try?
There is a small business owner I know who is ready to retire. However, she just does not believe all the pieces are together for a potential buyer. The missing thing is that she has never bought or sold a company before so how does she know? I'm not saying she is right or wrong, but why not go to some investment bankers and see what they have to say? What are the costs of learning the true current value of the company? They are not that bad, so I say do it.
Two books that parallel this concert, that I like to varying degrees are: