New entrepreneurs often focus on wanting to create the “perfect” product or service for their customers. Most seasoned businessmen will quickly tell you if you asked, that this focus on perfection is rather misplaced.<\/p>\n
While you may compare yourself to your competitors who have been in business for a number of years, and feel that there are few more improvements to be made to an already good product; this strive for perfection could hold you back and prove to be a big mistake for a number of reasons.<\/p>\n
Take Karolina Barnes, Editor of indie magazine Estila<\/a>, for example. Like many entrepreneurs, she had to maintain an open mind and rise to the challenges of launching a new item that she would have loved investing another six months on developing.<\/p>\n \u201cAs long as you research your idea for some time and ensure that it\u2019s worth pursuing then launching it regardless of whether it\u2019s perfect or not is still better than working on perfecting it and then realizing that the response\/reaction of the market is not what you expected. I have my own standards in terms of everything I put out there and which I use as a guide. For example, I never compromise on quality. I would have made my life much easier if I started printing in China or Eastern Europe like other indie magazines do, but I chose to stick to my values. Hence, my business model had to change as a result. Most of my competitors rely on traditional marketing strategies, while I had to diversify from day one.\u201d<\/em><\/p>\n Striving for perfection costs a lot to develop.<\/p>\n As most entrepreneurs have a limited amount of developmental funds, it\u2019s important to focus on doing enough to get the product to market as opposed to perfecting it. Once you start selling, your paying customers will provide funds, by way of purchase, to fund product enhancement.<\/p>\n Secondly, in this age of crowdfunding your potential customers will be able to support your future product development costs by showing interest in your products and investing in you. Some fundamental personal standards should be maintained. Before you launch and providing you adhere to these standards, getting your idea out there and seeing how it is received by your customers is imperative.<\/p>\n Joanna Dai of\u00a0Daiwear<\/a>\u00a0recently launched her brand. While she was developing her launch collection she often thought about whether it is better to launch with what you have and improve as you get feedback from customers or to wait for perfection.<\/p>\nHere are 6 productivity hacks<\/a> to save you time, speed-up processes and deliver realistic results.<\/h5>\n