Why Embrace Uncertainty

Posted December 12, 2007 in Innovation, Sales & Marketing, Starting It, 5 Comments »

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Boobombu thinks:

  1. I must create a comprehensive plan on how to attack the market.
  2. I must paint my target customer's profile using different demographic segments.
  3. I must illustrate the product's financial returns every quarter for the next five years.
  4. I must understand my target's buying decisions from see-to-buy.

Shimumu thinks:

  1. Someone out there needs my help. I just need to know who.
  2. And, how I can help them.
  3. And, how much they would pay me for it.
  4. I will embrace uncertainty.

Who would be more sane, psyched, and ready to rock a million times more after a year?

Shimumu would! Yay!

Shimumu understands:

  1. Plans rarely come to fruition because they're based on pure speculation.
  2. Situation ABC will happen -- disrupting your plans, and you won't anticipate it.
  3. You must adapt yourself to the demands of a changing world, anyway.

When you embrace uncertainty, you ready yourself to adapt to what the world gives you.

Winner = You. Yay!

Johnny Boy's Story

  1. Johnny Boy has an in-depth plan to sell his social networking product to some big behemoth in 2 years.
  2. He spends his life-savings, his mama's savings, his bank's loans, his mortgage, and his livelihood building XYZ product.
  3. The dude starts screaming: "Hey! I will build the next Facebook! I will be on the cover of Forbes for my genius product!"

Johnny thinks:

  • "Hey, everything will be the same in two years."
  • "Nothing will change."
  • "The market will still need this product."

What Johnny doesn't anticipate:

  • Jimmy's product manager moves to Oak-town in Month 4.
  • Demand for social networking dwindles dramatically in Month 8.
  • Users start becoming weary of a saturated social networking industry in a year.
  • Some genius college dropout inventor makes his product useless in 18 months.

Sha-bam!

What now, Johnny? Where's your master plan now, mister?

It's back to the drawing board for you.

You Can't Plan for a Moving World

The less you embrace uncertainty, the more you'll meet the unanticipated -- crippling your plans one-by-one.

When you plan an idea, you plan it for right now -- not for when the plan's successfully implemented.

Another way of saying it:

  1. You spend two years building Product XYZ.
  2. You've implemented an idea that was two years old. Ka-BAM!
  3. Instead of building something for January 2008, you built something for January 2006.

Taking 99805895807 hours/days/months/years to plan XYZ = horrendously unproductive.

So:

Embrace Uncertainty

Let the market dictate how you spend your resources.

Get something out there soon, while your plans are still fresh -- and not years old.

Then, test your ideas. See what works. See what doesn't work. Revise, implement, seek feedback, re-implement, and repeat.

Embrace uncertainty.

Waltz with the market.

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5 Comments on Why Embrace Uncertainty

NewWorldOrder

Posted @ 09:35 PM on December 12, 2007

Some notes on things one could do to practice dealing with uncertainty would be helpful.

Having a quick reaction time to falsified assumptions is key.


Karl Edwards

Posted @ 08:14 AM on December 13, 2007

Assess. Decide.
Over and over and over again until it becomes a rhythm.


Hendy Irawan

Posted @ 10:15 PM on January 11, 2008

God.

Andrew should really make a short movie.

Because reading this article was like watching a thrill-suspense short movie, only better.

"Embrace Uncertainty".

I like that phrase, fully agreed to it wholeheartedly. And it definitely was a (TM) to Trizle.

Bravo and can't get any better than this.


Hendy Irawan

Posted @ 10:17 PM on January 11, 2008

Most of this guy's ideas are, yes, business wisdom that you can find elsewhere.

But the star is how he narrates or his storytelling skills. Which IMHO is at the very least 6 stars.

Of course he'll get Dubai's Burj-Al-Arab-level of 7 stars from me only when he gave me a short movie :-)


Steve the bastard

Posted @ 08:09 PM on February 09, 2008

well it's saturday night and we just got back from having dinner with our friends, one of who is an accountant, and she is telling us stories of rich people that own businessess that she works with and the one common thread all these people have is that they are fearless, they don't let their fear of the unknown or fear of what other people will think of them stop them. they do what they want to make things happen the way they want them to happen. and they get it done. and we are all like "duh - that's what we need to be like, fearless !"


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