Start-ups begin with an idea. Every entrepreneur has that one moment of Eureka that got them inspired enough to risk their savings and the security of a stable job. However, falling too hard for an idea is an inch close to failure. Here are negative effects of being too in love with your business.
Tunnel Vision
There's a risk of developing a myopic focus on the product and forgetting other factors that are important in the long term. Will it sell? How does it differentiate from other competitors? Does it solve a problem? A practical solution is to find out the minimum viability of the product.Obstinacy and Narcissism
Getting attached to an idea can make you possessive and territorial. Like in any relationship, this can cause drastic effects. It's either you don't want to get help because you're afraid that your hard work will get ruined, or nobody is good enough to help you with it. In the eyes of an entrepreneur, an idea can take the form of a coveted prize even though it still hasn't proven itself in the market.Emotional attachment
When you get emotionally attached to an idea, criticisms sound like a personal attack. You end up dismissing input that is different from the way you do things, even if it's another good idea. People invest a lot of time and money on their business, so they end up humanising it as their “baby”.Resist Change
The idea of change can potentially wipe out all the hard work and sacrifices you've poured into the business, so you lash out the only way you can. Resist at all cost. This is why there's that one veteran in every workplace who insists on doing it “old school”, because that's what he/she is used to. Combine this with emotional attachment and you end up as that old curmudgeon who complain about everything new and starts every sentence with “back in my day...”.Passion is important to keep you going, but it's important to step back and take a look at the bigger picture from time to time.
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