Makaveli2007 - 3:17 am on Nov 20, 2009 (gmt 0)

One of the problems with some of the online entrepreneur wannabes that post here is that they spend most of their time planning on what they want to do someday instead of actually putting different sites online and just seeing what works. You can't learn from your mistakes if you don't make any. I agree. Planning to be perfect before going online VS going public then improving step by step. There was a term for that, and I cant think of it right now.... hmmm

I agree that many people are overanalyzing stuff, and seem to never "jump in".

However, thinking about it: Obviously the 99% of online businesses who fail probably don't fail because they're not taking action. (I guess finding the right balance is hard as most people tend to either overanalyze or act to impulsively)

It reminds me of a friend mentioning that the truly successful entrepreneurs all seemed to have one thing in common: they all failed the first time.

And that made me think: "Yeah, there's some truth to that -but...all the unsuccessful entrepreneurs who never made it (many more than the successful ones) probably failed the first time, too" :-)