The 3 Phases of doing Anything New
Amar Pandit
A respected entrepreneur with 25+ years of Experience, Amar Pandit is the Founder of several companies that are making a Happy difference in the lives of people. He is currently the Founder of Happyness Factory, a world-class online investment & goal-based financial planning platform through which he aims to help every Indian family save and invest wisely. He is very passionate about spreading financial literacy and is the author of 4 bestselling books (+ 2 more to release in 2020), 8 Sketch Books, Board Game and 700 + columns.
July 9, 2021 | 2 Minute Read
The first phase is the Overthinking phase. Will this work?
You keep thinking, thinking, and then give up thinking. Then you see others doing it and you are tempted to do it. So, you muster some courage and start doing it.
This leads you into the next phase: “Despair.”
Things are difficult in the beginning. It is like learning to write with your non-dominant hand. It can feel awkward. You say to yourself “I was right all along. This thing will never work. It is harder than I thought. Will this ever be good?”
Some people give up in this phase, having started and trying for a few months. Most people give up in the first 6-18 months.
Assuming you manage to stick through the grind, you reach the final stage where you are almost there. You are like 95% there and the Maximalist or Perfectionist in you comes out. This is the Perfection phase. This is not good enough yet. This is not going to work, and you then get tempted to pull back or do something stupid to take you back to the 25-50% zone. Some even quit here.
While it is important to overcome all 3 phases, the first 2 phases are super critical. Majority of the people get stuck in the first phase itself and most of the ones who manage to overcome this get stuck in the second phase. Make sure you understand that this is a natural part of evolution of a skill, competency and ultimately becoming a master at something.
Similar Post
Growth
Are you solving your Real Problem?
One of the critical areas that all IFA firms have been hit is Revenue. Most firms have seen a drop of 30-50% in revenue. I will not get into the reasons as you know why this has ha ....
Read More
26 May, 2020 | 5 Minute Read
Growth
The Number One Challenge
Imagine This: One Hundred Prospects Walk Into Your Office Tomorrow. Imagine one hundred prospects walking through your door tomorrow morning. Not cold leads. Not unqualified inquir ....
Read More
25 November, 2025 | 8 Minute Read
Growth
On Business Models
After reading the post, “The Oldest Barber Shop in the World?”, one of the readers wrote to me, “Excellent post Amar. I thoroughly enjoyed it, and I started thinking about bu ....
Read More
26 March, 2024 | 5 Minute Read
Growth
Loss Leaders
Have you heard of a term called Loss Leaders?
It’s a pretty fascinating one.
A loss leader strategy is a pricing strategy that involves selling a product or service at a loss ....
Read More
25 January, 2022 | 5 Minute Read
Growth
The Difference between Signal and Noise that you must understand
One of my favorite blogs is Signal versus Noise (by the makers of Basecamp). They say that the blog is about “strong opinions and shared thoughts on design, business and tech”. ....
Read More
25 February, 2020 | 5 Minute Read



- 0
- 0
0 Comments