Building a Project
I use to look at people building projects with envy that they were living out their dreams and building a business for themselves. That was before I launched my first project.
Building a Project that brings value to an ecosystem is in theory, but hard in reality.
I have built a few projects before, but with variable degrees of success. My first couple projects solved a need but of course this was from my viewpoint. We all have ideas for businesses with use cases, but the thinking is easy, it’s the application that’s hard.
First, you deal with people, or systems designed by people. People are flawed, so the systems they design are flawed.
Second, you have to provide not only capitol, but your time to get the business going, and sustain it.
Third, you start to encounter issues beyond your control. These issues effect your business operations, and the customers contact you, and expect you to solve issues, which you may not be able to solve.
Fourth, the business may take time to be profitable. Even when large sums of money are flowing through a business, the business may not be profitable.
Fifth, a reputation, once lost, is nearly impossible to regain. So don’t lose it, and don’t succumb to temptation to OBS one with peoples money.
Building a business isn’t for everyone
Unfortunately, not everyone has all the right stuff. It takes more then passion, it takes knowledge, it takes more then ability, it takes motivation, and it takes more then initial motivation, it takes persistence and staying power.
Focus
We are living in a society where multi-tasking is considered the consummate skill needed for success. Ironically every behavior science study, as well as efficiency studies shows multi-tasking is a myth. Your brain really is binary, it’s either doing this or doing that. If you switch between projects or tasks, your brain doesn’t pick up where you left off, it rewinds events to remember where, what, why and how. It’s incredibly non-productive to flit from task to task. The most efficient strategy, is the least popular, focus, finish and move on to the next task...but focus on the task at hand until it’s done.
Follow the plan, but allow the plan to change.
Building a project starts with a plan. But don’t get stuck following your first plan. The first plan is just that, the first plan. I personally believe you follow your plan with a think, do, assess cycle of continuous improvement, your plan may change, but it’s okay because your still following the current plan.
When? Soon!
Building a project is stressful because if internal and external pressures. You as a project creator put pressure on yourself, your team puts pressure on you, these are internal pressures. But your customers, potential customers and financial sources also put pressure on you to finish. These are external pressures, which you have to listen to, but also be prepared to ignore in the nicest way possible. Your name is on the project, and you know better then any of these internal or external forces when your product is ready for prime time.
Good Luck!
Shortsegments is a writer focused on cryptocurrency, the blockchain, non-fungible digital tokens or NFTs, and decentralized finance.
