There is not a single entrepreneur I can think of over the last 30 years who started a business that didn’t have a strong belief or bias regarding their product or service. Call it confidence, bravado or bias it is a necessary trait for success.
It becomes a problem and contributes to our failure when this bias distorts and bends the entrepreneurs perception of reality.
It is inevitable that this distortion will interfere with our ability to make sound, grounded decisions. The other dangerous thing that can occur is that we distort and shape our assumptions to fit our bias. The danger is heightened when this occurs just beneath our conscious awareness.
Attachment can distort business decision making by causing entrepreneurs to hold on to one-sided and cherished beliefs, often stemming from their strong bias towards their product or service.
This attachment to their beliefs can prevent them from objectively evaluating and considering alternative perspectives or solutions.
As a result, entrepreneurs may become resistant to change and fail to adapt their strategies or make necessary adjustments based on new information or market conditions.
This can lead to a distorted perception of reality and hinder their ability to make sound and grounded decisions.
Being aware of this attachment and actively seeking diverse perspectives and feedback can help mitigate its negative impact on decision making.
1 Business Problems Are Learning Problems AND Opportunities2 The Comfort Zone Addiction (everyone suffers) Is A Major Problem & Roadblock3 Dealing with Symptoms vs Real Problems4 Dealing Unexpected Changes and Problems5 Strategic Error Problem6 Solutions to Business Structural Problems7 Rigid Entrepreneurial Attitudes Contribute To Business Chaos8 The Problem with Fear 9 Lack of a CLEAR Vision Creates Its Own Business Problems & Challenges10 Inner Critic Problem11 The Business Bias Problem12 Perfection/Procrastination Loop Problem13 Not Understanding the Difference Between Goals & ResultsConclusion: Productivity Is Impossible If You’re Chasing Symptoms When if the “End Game” is UnclearSolutions: Learning Curve AccelerationSolutions: Developing Your Entrepreneurial Tradecraft™