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Making plans when I can't predict anything

📬  From the mailbag  📬
Answering questions from curious readers

I have an idea for a product and customer, but I also know I can’t really predict what will happen. How do I make plans and execute, when I also have no idea what will happen or what will work?

To navigate the unpredictable landscape of starting a new product or business, it’s essential to use a blend of strategic planning and agile execution. Here are some actionable steps to help you plan and execute when you can’t predict what will happen:

Bear thinking about making plans when I can't predict anything

  1. Embrace Uncertainty with Agile Principles: Recognize that you cannot predict the future with precision. Instead of making rigid plans, adopt an agile approach. This involves making decisions based on current information, testing your assumptions, and being ready to pivot based on feedback and results. As I mentioned in my article on the unpredictability of scaling businesses, smaller companies benefit from speed and adaptability, which larger companies may lack due to their need for predictability and coordination here.
  2. Use Tactical Questions to Navigate Paths: To ascertain your current position, reflect on several tactical questions:

These points are expanded in this piece on perseverance.

  1. Execute and Explore: In the early stages, focus on rapid iteration—trying, failing, learning, and adapting quickly. As I discuss, the process of executing what works after exploration is crucial as it helps the company scale effectively. There’s a need to switch from an exploratory mode to executing a repeatable process once you find what clicks here.
  2. Leverage Your Unique Strengths: Understand and leverage your unique strengths and constraints. Instead of trying to improve your weaknesses, design strategies that build on your strong points, enabling you to navigate around areas where you might not excel. This approach is detailed further in my article on designing out weaknesses here.
  3. Focus on Customer Validation: Real validation comes from customers willing to pay for your product. Conducting interviews and understanding customer needs can save time and direct efforts effectively. Engage with potential customers early to gather valuable insights into whether your solutions meet real needs as discussed here.
  4. Anticipate and Mitigate Risks: Strategies should include optionality, where many paths to success exist, thereby creating resilience against unpredictability. Building frameworks that can adapt to new information helps manage what you cannot predict while minimizing risks of failure as explained in my discussion on strategies that defeat unpredictability.

In essence, by employing a mix of exploration and execution, leveraging personal and team strengths, maintaining a focus on customer feedback, and planning flexibly for uncertainty, you set a sound foundation to navigate the unpredictable journey of bringing a product to market.

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