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Starting something is a commodity. How is your “follow through”? Is it a habit?

My buddy from childhood, Doug Carter, shared the following on my Facebook timeline:

Look at that follow through!

Look at that follow through!

I broke it down for every kick i ever started or tried….stance, approach, contact, and follow through….

- Lou “The Toe” Groza

It got me thinking. Kicking a football is an interesting metaphor. I was a kicker and quarterback at Berea High School and was blessed to have been coached by “The Toe”. I can remember him preaching those basics. He had a gentle way of letting you know that if you didn’t put those basics together you might have a couple successes but you won’t achieve consistency. Consistency was what separated the good kickers from the bad ones.

“Follow through” is such an important success variable for so many things in life.

With the access we all now have to the Internet and the technology it has enabled, it is easier than ever to start something. I call them the QWERTY Heros. It has become so easy that starting something has become a commodity.

follow-through

Keep calm and follow through.

But the reality is that of the people who start something, only 5% at best have the tenacity to follow through. We’re all guilty of it in our own ways. I’m still working on my “follow through” of writing a book, finding that groove to make it happen but I’m still going to find my “hustle”, as Russell Simmons says, for that.

While most people like to blame lack of “follow through” on being too busy, the real reason is usually tied to a fear we have. I’m not sure what mine is but I’ll find out sooner or later. Usually you discover your fear while you’re following through.

The habit of “follow through” leads to consistency. What do you need to “follow through” on? Remember, be tenacious and keep calm.

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Why I think writing a Business Plan is a waste of time

My position with the founders I coach and advise is Business Plans are a waste of time and only serve to provide investors a false sense of security and chances are they’ll just come back to waste more of your time looking for this or that projection. Get started on what you can do to take action on your idea. The opportunities are moving too fast to waste precious time on a business plan with 2-5 year projects that are WAGs. The Midwest is still stuck on them because writing them is big business and actually delays funding decisions vs. facilitating them.

The extent of a plan should be a 10-12 slide deck with some short-term financial assumptions that you can put together in one day. It is the investors responsibility to understand the sector they are investing in. If they don’t the money isn’t worth it because they’ll become difficult partners over time lacking patience.

I see way to many founders wasting their time responding to the questions of uneducated investors and guess who they don’t end up getting funding from most of the time? As with everything in a startup or early stage venture every decision and use of time (cycles) should be solely based on whether it delivers value. Business Plans don’t deliver value.

Smart vs. Dumb, Cheap vs. Expense startup funding

 


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We <3 Wifi – Support the FCC in Keeping Spectrum Open for Innovation!

This makes for all kinds of awesome.

“Open” wireless technologies (such as WiFi, Bluetooth and ZigBee) make it possible to do things like:

  • transmit broadband internet over long distances
  • control your TV with your phone
  • stream music from your phone to your car
  • gorge on video without worrying about data caps
  • control your home thermostat from miles away
  • teach your robots how to talk to one another
  • even enable mission-critical medical devices to communicate with one another in hospitals!

And believe it or not, even our phones rely on open wireless: 80% of all smartphone and tablet traffic travels over WiFi2.

This “open” environment for wireless tech has unleashed a ridiculous amount of innovation.


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TNW Academy Guides – Expert Instruction for Business Building

The aim of TNW Academy Guides is to bring you only the highest-quality content, from well-established thought leaders in numerous spaces. You’ll find work from people such as Steve Blank, Megan Berry and Dan Martell, covering a range of topics such as branding, social strategy, growth hacking and business plans.


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Knotice Receives National Recognition « The Lunch Pail

Just announced today – Knotice has earned the honor of ranking #182 on Deloitte’s Technology Fast 500! Deloitte’s Fast 500 ranking provides a ranking of the fastest growing technology companies in the country as a way to recognize them for their technological innovation, entrepreneurship and rapid growth.

Speaking of the ranking companies, Deloitte executives said: “These ground-breaking companies have outpaced their competition and are reinventing the way we do business today.”

Knotice posted a 503% increase in revenue from 2007-2011 to secure its rank of 182 out of 500. According to our CEO and co-founder (and occasional Lunch Pail contributor), Brian Deagan commented that being included on the DeLoitte Fast500 list is a “real honor.”

Nice people, nice work!

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