The act of problem solving is greatly satisfying. Those of us who are into this often get into traps that keep us from accomplishing our vision soon enough. My list of traps go this way (not in specific order):
1. The Novelty trap:
So you’ve been in the game of creating something new. Great! But are you always trying to do something new and in that attempt, losing sight of where you are actually headed? If yes, you may be headed to Novelty trap. Creators very often get into this without keeping a tab on the actual problems they are solving. This calls for lots of time, investments and powerful decisions followed by frustrations and threat of failure.
To avoid this, inculcate the habit of discipline, make a plan of what you are going to accomplish, time your goals and run retrospects regularly to assess if you are headed in the right direction
2. The Overthinking trap:
So you believe “God lies in the details”. Great! I believe it, too. But are you getting into detail so much so that you’ve lost focus on the actual problem you are solving? Well, sometimes, its important to see things from the perspective of people you are serving: Are they sensitive to the details you are sweating on or are they looking for something else?
Have you heard of the concept of “Quick and Dirty”? To avoid getting into the Overthinking trap, “Quick and Dirty” approach comes in handy. Through this, you kickstart something in the direction of your vision, but detail it just enough for others to take them further… details, leave it to the people, please!
3. The incrementality trap:
This is in the opposite direction of #1 and excites people who like to improve things. To state the truth, everything in this world can be improved, but that’s not the point. At some point (inflection point) which is very difficult to foresee, you need something breakthrough and improving things will suck you into the “incrementality trap”. So what all you do is, burn your midnight oil solving the same problem insanely well, but you haven’t realised that its redundant in the current context.
To avoid this, visualize what happens when you actually make that incremental improvement and understand if the world is excited about it. If you are poor at visualising, prototyping your idea can come in handy to test the waters.
4. The “I Know my market" trap:
Most of the times, those who have disrupted established players are the ones who didn’t know the market as well as the established ones did. If you are selling well, making an impact and have matured in your game, you’re sure to fall in this trap without even realising it. You may have all answers to tricky questions as your understanding of “why” is deep rooted.
To avoid this trap, start answering “why not”. Experimentation is the new game you are going to play and since most of those new players have nothing much to lose, they are going to be real good in this game. In order to do the same, you need smaller groups within your organisation that are nimble and can experiment the way a start up would.
5. The expediency trap:
So your boss asked you to share a plan or an idea as of yesterday and you’re trying hard to impress him. More often than not, you are going to fail because you have just sent something across without weighing it yourself. Lets say he is impressed in the first go, you’re still going to revisit it a lot of times because each of you are answerable to someone who is going to ask questions for which you haven’t thought of any answers.
To avoid this trap, you will generate scenarios and alternatives and more importantly, spend that much needed time that justifies that million dollar investment. So, ask for time... and don’t over commit and under perform. Remember, it is important to impress those people who are going to buy that idea than the one sitting immediately over you.