{"id":21196,"date":"2011-05-18T14:04:53","date_gmt":"2011-05-18T18:04:53","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=21196"},"modified":"2011-05-18T14:04:53","modified_gmt":"2011-05-18T18:04:53","slug":"duct-tape-and-the-ultimate-key-to-success","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/05\/18\/duct-tape-and-the-ultimate-key-to-success\/","title":{"rendered":"\u201cDuct Tape\u201d and the Ultimate Key to Success"},"content":{"rendered":"<p>American cartoonist and inventor Rube Goldberg was famous for turning  the simple into the mind-numbingly complex. He invented hysterically  absurd systems for doing the simplest tasks. Take, for example, the  \u201cself-operating napkin\u201d:<\/p>\n<p>\u201cThe \u201cSelf-Operating Napkin\u201d is activated when the soup spoon (A) is  raised to mouth, pulling string (B) and thereby jerking ladle (C) which  throws cracker (D) past parrot (E). Parrot jumps after cracker and perch  (F) tilts, upsetting seeds (G) into pail (H). Extra weight in pail  pulls cord (I), which opens and lights automatic cigar lighter (J),  setting off skyrocket (K) which causes sickle (L) to cut string (M) and  allow pendulum with attached napkin to swing back and forth, thereby  wiping chin.\u201d<\/p>\n<p>Thirteen steps to wipe your mouth. Pretty ridiculous, huh?<\/p>\n<p>Still, you\u2019d be surprised by how many entrepreneurs fall victim to  something similar. They think that by implementing a complex, detailed  strategy, they\u2019re moving toward success. They think a successful  business needs to be a more intricate one.<\/p>\n<p>But more moving parts do not necessarily make a business better. In  fact, adding more and more complexity makes accomplishing your goals  more challenging, more time-consuming, and more resource-draining.<\/p>\n<p>Albert Einstein once said: \u201cEverything should be made as simple as possible, but not simpler.\u201d<\/p>\n<p>The flip side of that your business should be as complex as it needs to be \u2013 <em>but no more<\/em>. In fact, the simpler your strategies at the outset, the better. I\u2019ll explain why in just a minute.<\/p>\n<div>\n<blockquote><p>**** Advertisement ****<\/p>\n<p><strong>\u201cUnderground\u201d Video Gets 10 Million Viewers<\/strong><\/p>\n<p>A really disturbing video has recently become an Internet sensation\u2026<\/p>\n<p>It has been viewed more than 10 million viewers in the last four months.<\/p>\n<p>If you care at all about our once-great country, I strongly encourage  you to check this out, and prepare yourself, before the situation gets  any worse.<\/p>\n<p><a href=\"http:\/\/www.stansberryresearch.com\/pro\/1103PSIEOAVD\/MPSIM502\/PR\" target=\"_blank\"><strong>You can watch the full video, free of charge, here.<\/strong><\/a><\/p><\/blockquote>\n<\/div>\n<p><strong>The Allure of the Complex <\/strong><\/p>\n<p>Have you ever been to a magic shop? The guy behind the counter will  invariably show you a trick. It\u2019ll amaze you. Astound you! You  absolutely have to know how it\u2019s done. So you buy it and drive home, all  the while thinking how incredible the illusion is and how cool it\u2019ll be  to wow your friends.<\/p>\n<p>But when you get home and pull out the instructions, you discover how <em>simple<\/em> the trick really is. You think to yourself, \u201cHow in the world could this fool anybody?\u201d<\/p>\n<p>But it fooled <em>you<\/em> at the magic shop.<\/p>\n<p>In business, as with magic tricks, complexity is all about tactics \u2013  \u201cHow\u201d to execute a strategy. And tactics must always be secondary. <strong>You must understand \u201cWhat\u201d you\u2019re trying to do before \u201cHow.\u201d <\/strong><\/p>\n<p>When you\u2019re considering a strategy to implement, the key is to start  out as simply as possible. Ask yourself, \u201cWhat\u2019s the easiest, fastest,  cheapest, simplest way to know if this project is even worth pursuing in  the first place?<\/p>\n<p><strong>The Dangers of          Adding vs. Subtracting <\/strong><\/p>\n<p>When you fall in the love with the complex, you run the risk of  spending more time learning than earning. Building knowledge instead of  your business. Analyzing instead of taking action. It means more work,  more hours spent strategizing and developing, and making less progress  toward your goal. No matter how much efficiency you think it may add, no  matter how much you may think it saves you, complexity always adds to  your bottom line costs.<\/p>\n<p>The more complex things are in your business, the more sluggish you  are at getting things done. When you work on your own, you can usually  get things done relatively quickly. The bigger your organization, the  more people you have to wait for before moving forward. It\u2019s not  necessarily bad, but it is reality.<\/p>\n<p>And there\u2019s another threat. When you focus obsessively on creating a  bigger and more complex system, you naturally shift your focus from your  goal to the path to achieve it. You start focusing on the \u201cHow\u201d instead  of the \u201cWhat.\u201d <em>It misdirects all your efforts and resources. <\/em><\/p>\n<p>That undermines your business at every level. How can you possibly  achieve a goal when your efforts aren\u2019t directed toward it? When you\u2019re  obsession becomes building a massive system instead of a massively  profitable business?<\/p>\n<p>The bottom line here is that building a successful business is all  about speed. Speed to create products, speed to get them to market,  speed to get feedback and analyze results, and then \u2013 and only then \u2013  the speed to leverage what\u2019s working into a profit center.<\/p>\n<p>Complexity kills speed.<\/p>\n<p><strong>Are You in Love With the Complex? <\/strong><\/p>\n<p>Ask yourself this:<\/p>\n<p>\u201cIn an effort to make my business more productive, am I more likely  to add more steps or options to it or am I more likely to strip  something out of it?\u201d<\/p>\n<p>Most people will likely answer \u201cadd\u201d to that question. For one simple reason. It\u2019s far easier to add than it is to take away.<\/p>\n<p>Take a hard look at the actions you\u2019ve taken in the past. Beyond the  start-up, how big has your business grown? Not in terms of revenue and  customers but in terms of tasks and workload.<\/p>\n<p>If you\u2019re honest with yourself, you\u2019ll find your answer right there.<\/p>\n<p>It\u2019s counterintuitive, but many entrepreneurs have the delusion that  the bigger, the more complex a business is, the more successful it is.<\/p>\n<p>But the more complex anything is\u2026 the more complex it is. Period. <strong>More complex does not mean better.<\/strong> What more complex does mean is more demanding.<\/p>\n<p>In a nutshell, complexity slows your progress, and progress is far more important than perfection.<\/p>\n<p><strong>How to Break That          Dangerous Attraction <\/strong><\/p>\n<p>Fixing the problem starts with asking yourself two questions whenever you\u2019re considering a new project.<\/p>\n<p><strong>Question #1: What is the absolute minimum I need to achieve my goals with this project? <\/strong><\/p>\n<p>Be thorough. Include everything that applies. Things like \u201cproduct  development\u201d and \u201cmarketing and lead generation\u201d and \u201cconversion and  fulfillment.\u201d<\/p>\n<p><strong>Question #2: \u201cHow can I offer my prospects a \u2018duct-taped\u2019 version first?\u201d<\/strong><\/p>\n<p>You don\u2019t want to roll out a slick, polished product only to watch it  fail. So what can you \u201cduct tape\u201d together first? What\u2019s the <em>minimum<\/em> you can give your prospects that will deliver your message and bring you solid, quantifiable feedback?<\/p>\n<p>By focusing your efforts in this way, you\u2019ll see a vast improvement  in the performance of your business \u2013 no matter what level it\u2019s at.<\/p>\n<p>If you\u2019re working on your own, you\u2019ll be more productive and have  more time for other business-building projects. If you\u2019re working with a  team, you\u2019ll find they become more productive as well. Efficiency goes  up and costs go down as you eliminate the unnecessary actions you were  previously supporting.<\/p>\n<p>[<strong>Ed. Note<\/strong>: Rich Schefren, founder of <em>Strategic Profits<\/em>,  is offering a new course for struggling online entrepreneurs. It  outlines the same strategies that his first 25 coaching clients used to  bring in a total of $142 million in two years. And Rich used those  strategies himself to bring in $7 million in sales at <em>Strategic Profits<\/em> &#8211; in just 18 months.<\/p>\n<p>There are only 100 FREE spots available for this online course, &#8220;7  Steps That Quickly Create Online Businesses With Unstoppable Income.&#8221; <strong><a href=\"https:\/\/schefren.infusionsoft.com\/go\/bgs2\/etr\/\" target=\"_blank\">So register now<\/a><\/strong>.]<\/p>\n<p>&nbsp;<\/p>\n<p>This article appears courtesy of <a href=\"http:\/\/www.earlytorise.com\/\" target=\"_blank\">Early To Rise<\/a>, a free newsletter dedicated to <a href=\"http:\/\/www.earlytorise.com\/issue-archive\/\" target=\"_blank\">creating wealth<\/a> and <a href=\"http:\/\/www.earlytorise.com\/issue-archive\/\" target=\"_blank\">success<\/a> through inspiration and practical, proven advice. For a complimentary subscription, visit http:\/\/www.earlytorise.com.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>American cartoonist and inventor Rube Goldberg was famous for turning the simple into the mind-numbingly complex. He invented hysterically absurd systems for doing the simplest tasks. Take, for example, the \u201cself-operating napkin\u201d<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-21196","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/21196","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=21196"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/21196\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=21196"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=21196"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=21196"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}