Sometimes it’s easy to get so worried about moving ahead that one forgets that waiting for the right time is just as important – and often a much more difficult undertaking.
I’ve found myself in this challenge recently as I read almost daily about a another startup being purchased by a major corporation or receiving millions of dollars in venture capital. It’s so easy to start thinking that if I don’t hurry up, I’m going to get lost in the noise. And there is some truth to that. As the founder of a mobile city guide startup, I am very aware that the mobile technology explosion is like the dot.com expansion on steroids. It’s growing faster and changing faster than even the industry insiders and pundits predicted. So there is no time for dallying.
But making a move – whether it is to aggressively seek funding or expanding into additional markets – can irrevocably change the course of a company and make the process of adaptation much more wieldy once a venture capital firm or more employees are involved. Startups have the advantage of being lean and fast to change with the trends, and that can often mean the difference of beating a bigger competitor to market.
My company is in the process of change, but the change is moving slower than I’d planned. But I’m learning to be patient with the roadblocks, realizing that this time I am spending waiting on lawyers to approve partnership agreements and for other pieces of the puzzle to fall in place – this time can be spent regrouping, refocusing, and studying trends to ensure that when I am ready to move forward it is in the right direction.
There will always be someone who is first to the party. And it may not be me in this instance. But everyone knows that a party isn’t really a party until there’s a crowd. And standing out in the crowd? That’s much better than being the first one in the door.