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> You will only know if the business was a failure until you have done all of that and that takes at least 2 years in my humble opinion. But why does that matt
by balfirevic 7y ago
> You will only know if the business was a failure until you have done all of that and that takes at least 2 years in my humble opinion.
But why does that matter? The goal is not to conclusively prove that some particular business is beyond hope of success, the goal is to find the one which is successful.
I'm not necessarily saying that 3 weeks is just the right amount of time to spend on a single idea. But if you want to maximize your chances of achieving success in, say, 3 years, what is the right amount of time?
- elliotbnvl 7y agoGreat point! That's the question I'm asking myself too. I'm erring on the side of moving on too quickly, rather than waiting too long, because I like to move fast and I've already made the mistake of spending way too long on something. I think it's really non-obvious, and there aren't a lot of good heuristics that measure how long is long enough -- and it's my belief that most heuristics simply aren't aggressive enough. One of my mottos is "most limitations are conceptual and self-imposed," and I see a lot of self-imposed limitations in the SaaS community, mostly because people have no idea what can be achieved when you set really high goals... not sure why.