Chapter
Overcoming the Planner's Dilemma
08:06 - 11:10 (03:04)
The Modern Wisdom Project discusses the common issue of wanting to plan and perfect an idea before executing it, often leading to a fear of failure and inaction. They emphasize the importance of starting and failing forward, as execution is often more valuable than the idea itself.
Clips
The speaker discusses buying batteries in bulk for scales and his car key, and jokingly offers to sell them to the listener.
08:06 - 08:33 (00:27)
Summary
The speaker discusses buying batteries in bulk for scales and his car key, and jokingly offers to sell them to the listener.
ChapterOvercoming the Planner's Dilemma
Episode#083 - Business Principles 101
PodcastModern Wisdom
The speaker shares a lesson on the importance of valuing time over potential profit.
08:33 - 09:06 (00:33)
Summary
The speaker shares a lesson on the importance of valuing time over potential profit. They recount an experience of buying and reselling batteries and realizing the markup wasn't worth the time and stress involved.
ChapterOvercoming the Planner's Dilemma
Episode#083 - Business Principles 101
PodcastModern Wisdom
Many aspiring entrepreneurs fall into the trap of planning and thinking too much instead of taking action.
09:06 - 11:10 (02:03)
Summary
Many aspiring entrepreneurs fall into the trap of planning and thinking too much instead of taking action. The fear of failure and the pressure to come up with a groundbreaking idea hinders their progress.