Business Magazine

Do What It Takes

Posted on the 30 May 2011 by Cameronchell

Step Two: Do What It Takes

 


“The price of greatness is responsibility.”

- Winston Churchill

 

   Failing fast is the credo of the lean startup movement. The thought that when you fail individually or as a startup you need to pick yourself up as quickly as possible and move forward, which isn’t what “failing fast” means at all. While it does imply that you shouldn’t rest on your laurels and wait for the next revelation to come out of thin air, what it is really trying to tell you is that you should fail smart.

Take the time to understand why you failed but use that time effectively. Be smart about it. Failing fast, or failing smart, means examining why whatever mistakes were made, were made and how the problems can be fixed. To do this we suggest breaking your analysis of the situation down into five steps.

1) Look at what wasn’t achieved or where the mistakes were made.

Take the time to examine exactly where the mistakes occurred and write them down. When you are looking into mistakes it is crucial to drill down as deep as possible and not just skim the surface. Deep problems can become systemic and bring down more than a single area of your startup.

2) Prioritize your top three

Chances are that when you begin to drill down into your problems or the mistakes that were made you’ll begin to notice that there were either many, or offshoots of a single mistake. By prioritizing your top three mistakes you aren’t saying the other identified aren’t important and shouldn’t be resolved, rather that the three you’ve selected should be solved first.

3) Why could these goals not be hit?

As a team sit down and examine each of the three mistakes individually by asking why it could not be hit. Be careful not to place blame by asking “why was this goal not hit”, as you’ve already acknowledged mistakes and are now working to move forward.

4) What is the new goal?

Now that you’ve taken the time to understand exactly where the mistakes were and why they could not be hit, it’s time, as a team, to decide what your next steps are. Using your learning from why your previous goals could not be hit will help you to develop strategies for creating and hitting new goals.

5) What needs to be done, by when, to achieve this goal by who?

Now that tasks have been created, responsibility needs to be assigned within the team. Part of acknowledging mistakes is accepting where responsibilities are going to lay. Take time as a team to structure timeframes and measurements to help accomplish the new goals you have set. 

If you want more information on a framework to do this, check out www.businessinstincts.ca and click on Clarity Management and the RIPKIT Process.


You Might Also Like :

Back to Featured Articles on Logo Paperblog

These articles might interest you :

  • Shilo Sanders- Son Of Deion Sanders Thanks Courts For Allowing Him To Live With...

    Shilo Sanders- Deion Sanders Thanks Courts Allowing Live With Pilar

    ChristianNews Shilo Sanders, the son of NFL Hall of Famer,  Deion Sanders took to twitter to “thank” the courts for allowing him to live with his mother, Pilar... Read more

    The 04 August 2017 by   Firstladyb
    SPIRITUALITY
  • “I Feel Great”

    Feel Great”

    Jakub went to his doctor's office believing that he had a back injury, but returned with a chocking diagnosis instead. He had type 2 diabetes - in spite of... Read more

    The 04 August 2017 by   Dietdoctor
    DIET & WEIGHT
  • July Allotment Recap (2/2)

    July Allotment Recap (2/2)

    Sunday afternoon saw us return bravely to 24a even though there were more thundery showers foretold by the weatherman. I will admit that I guffawed at the... Read more

    The 04 August 2017 by   Chrryblossomtat2
    GARDENING, HOME
  • Culinary Delicacies in Croatia- What to Eat and Drink in Croatia

    Culinary Delicacies Croatia- What Drink Croatia

    In my earlier post, we spoke about how Croatia is a stunning European destination, let us now see what are the culinary delicacies in Croatia or what you can... Read more

    The 04 August 2017 by   Kash Pals
    FOOD & DRINK, A-CLASSER
  • #Golf Training Aids Spotlight: The Delta Putt

    #Golf Training Aids Spotlight: Delta Putt

    Do you consider yourself to be a strong putter or do you feel you could improve your make percentage on the green? Most amateurs could use help with the flat... Read more

    The 04 August 2017 by   Golfforbeginners
    GOLF, SPORTS
  • Three Incredible Hikes in Southern Iceland3 Min Read

    Three Incredible Hikes Southern Iceland3 Read

    Nature takes center stage in Iceland, where there's a stunning view around every bend: massive glaciers, expansive lava fields, powerful waterfalls, black sand... Read more

    The 04 August 2017 by   Healthytravelblog
    TRAVEL
  • What I Wore: Daytime Pajamas

    What Wore: Daytime Pajamas

    Pajama top: ELOQUII (14) | Pajama pants: ELOQUII (14) | Shoes: ASOS (similar) | Earrings: J. Crew ( same in different colors, similar concept in same color) |... Read more

    The 04 August 2017 by   Wardrobeoxygen
    FASHION, SELF EXPRESSION, SHOPPING

Magazine