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My risk-averse nature has been the #1 challenge in my startup life of the last 11 months. I was worried about taking on a partner for 3 months. Finally I just
by raheemm 13y ago
My risk-averse nature has been the #1 challenge in my startup life of the last 11 months.
I was worried about taking on a partner for 3 months. Finally I just decided to skip that - it meant I'll grow slower.
I was worried about sending sales and marketing emails for 4 months. Finally, I decided to announce my beta launch and offer discounts for anyone who signs up. One customer signed up and paid for a year's subscription.
Because I had a customer, it forced me to stop dreaming about the perfect product launch and just do my beta launch. Which happened 3 weeks ago.
Now I worry about losing that one customer because my beta product is not perfect. Im also struggling with getting more customers. Why? Because I want to create the most perfect email marketing funnel. I've been procrastinating on this for a month now.
If I worried a lot less, things would happen so much faster.
- StavrosK 13y agoThat's not risk aversion, risk aversion is picking the safe way/minimizing risk. What you're doing is actually increasing risk because you're too afraid to handle things. There's no upside to that.
- raheemm 13y agoMy point is that risk is often perceived to be greater than it actually is. So taking action in spite of the risk has two benefits - the real risk is exposed and often less than what we imagined and progress is made from taking action. True, this can lead to a stressful experience and perhaps recklessness.