When Too Many Options Are None At All

18 Fishing Poles

When I first started my business, I was ready to do anything for just about anyone. Sound familiar?

I was like a greedy, inexperienced fisher. Here’s what I did …

I would meet someone I thought might be great to work with. I’d rearrange my future plans. Invent a completely new offer just for that person or company. I’d put that fishing pole in the water hoping that the unique “fish” would bite and we could move forward.

And when I met the next person who represented something even remotely interesting. I would develop an entirely new offer and do that again.

and again.

and again.

What I never realized was that I was so busy baiting fishing poles with different bait for every different fish i met. That I hadn’t done many of the things that good fishers do:

  • Figure out what kind of fish I wanted to catch. What was I good at cooking?
  • Ask around to find out where those fish were biting. Who might teach me more?
  • Decide what size fish would fit my frying pan. What was I ready to take on?

One day, I woke up to see that I had about 18 fishing poles in the water. I wasn’t fishing. I was playing at being a fisherman. Greedy, inexperience fishers like I was focus too much on just catching a fish, rather than catching a fish that works for them.

The problem with 18 fishing poles in the water is that it’s a lot of unfocused work for little return. We spend all of our time running up and down the bank checking to see if something worked or whether we need to rebait the system. AND when a fish finally does tug at the line, it’s awfully tempting to wonder whether another fishing poles might bring in something slightly bigger or more exciting … it’s easy to get stuck waiting for the fish that might be next.

For this fisher, too many options were the same none at all.

Narrowing down the options first with a few decisions has its advantages. What I needed was specific concrete goal. With a goal, a destination …

  • We can figure out a plan for getting there.
  • We can talk to people who have achieved that goal in the past.
  • We can yes to things that help us get closer to the goal and no to things that pull us away from it.

Now I keep my focus and goal to “teaching fishers how to fish” — some are huge fishers, some are aspiring fishers, some are other people who teach fishers how to fish — that suits exactly who I am. I tell people about that whenever I can and when any one of those fishers show up, I know I can deliver value exactly as I promise. I’m not running up and down the bank of the river anymore.

And the fishers I work with tell their friends.

  • Anonymous

    I love the use of the fishing analogies, very well written article Liz! Most people will recognize this as the Anything For A Buck (AFAB) stage of a startup business. When I started my IT Services company in 1997 I definitely let the market influence what I did. I think as long as it is kept in check this isn’t as bad as one might think. Market demand/need is a very strong force, you see problems and produce solutions.

    It is great to have focus, but what if your focus isn’t resonating with the people with money to spend. I personally think as an entrepreneur it pays to shift focus now and then. It keeps you from getting bored. I continue to allow the market need to shape my business. Might not be the best tactic but so far it’s working out alright. :)

  • http://twitter.com/michellepoteet Michelle Poteet

    When we startup a business we tend to act or react out of fear. I caught myself just recently sitting with a potential client and trying to come up with a project price (with a discount) that I thought he would “bite” on (if you will). I quickly pushed that thought out of my head and stuck to my guns on what my fees were. He hired me on the spot without blinking an eye at the investment cost.

  • http://scottcarbonara.com/ Scott Carbonara

    This is very true, Liz. I take a slightly different twist on it: I want as many GOOD options that I can keep in play well. But that means knowing which poles to stop baiting, finding new watering holes that hadn’t run dry, and coming to terms with the kind of fish I most wanted to bring home. I didn’t find having many options a barrier; rather, I found my own lack of awareness about what brings me joy and allows me to deliver excellence my hurdle. Once I stepped back and sought clarity, I attract only GOOD options.

  • Anonymous

    In a way I think I’m in a similar position to when you began your fishing expeditions. I’m currently trying to decide which wordpress framework theme to use for the next evolution of my site. I see value in many different options but in the mix of the variety, I’m running in place. Need to filter down the choices soon. Thanks for the pep talk coach Liz. :)

    Vincent | CuteMonster.com

  • http://topsy.com/myescapevelocity.com/when-too-many-options-are-none-at-all?utm_source=pingback&utm_campaign=L2 Tweets that mention When Too Many Options Are None At All | My Escape Velocity — Topsy.com

    [...] This post was mentioned on Twitter by Chris Brogan, Jonathan Fields, Fernando Labastida, Mary Brown, John Uhri and others. John Uhri said: RT @chrisbrogan: On Escape Velocity(your 2nd favorite blog!), @LizStrauss writes about the risk of too many options- http://ow.ly/2YOMa [...]

  • http://twitter.com/eTalkCafe Alyx Falkner

    I love the way you tied the fishing example with doing to much of nothing in business. I’ve experienced this a while back in my venture, every new person that showed some type of interest I would change my original approach in order to fit them. I may have done this about 3 or 4 times until I realized “hey I’m not getting anywhere, let me rethink what I’m doing.” But great work Liz, thanks.

  • http://www.micaminar.com blancastella

    Thanks for the fishing analogy. That has been definitely me. I have made a huge effort this year to stay focused and not distracted with so many “possibilities”. I don’t know why that happens so much. Maybe insecurity that the current project we are working on is not worth it, so we scrap it for something else that may look better. I observe really successful people and see that consistent fishing for the long term will usually nail a big fish and most people give up before getting to that place. Patience and consistency are the key.. right?

  • http://www.marketinginprogress.com Brett Duncan

    I’m digging the analogy of spending too much time baiting your hook. I think that’s where most of us with business ideas get stuck. Or rather, caught up. We get caught up in the bait, the pole, the line. But we rarely have a damn hook in the water.

    And then we wonder why we’re not catching anything.

    bd
    @bdunc1

  • http://Cate.TV/ Cate.TV

    Oh, I can SO relate … thanks for sharing your fisher/humaness with us all once again Liz :) here’s a lil vid from pup Chloe http://www.youtube.com/watch?v=DxaAWgUUfGU

    Bait/Balls …. it’s the air/dangling that gets me every time :)

  • http://www.workhappynow.com Karl Staib – Work Happy Now

    I love this because it’s a lot of what I did in the past. A big change in my direction was the chat that I had with Liz. She touched on this in our talk and it took a while to sink in, but once it did repeat business became a lot easier.

    Thanks Liz!

  • http://www.deafmomworld.com Karen

    This sounds an awful lot like the plate-spinning life I’ve been leading lately! Time to stop running from plate to plate and just keep the important, worthwhile ones spinning!

  • http://twitter.com/InspireCV Kathy Birkett VA

    I so can relate to this right now, as I am setting up a new business, after 35+ years of working for someone else. It is easy to get distracted and not focus, when your primary concern is to garner clients and make some money. But, without focus, you are going to flounder (pardon the pun). Thank you for posting this timely article Liz.

  • http://matthewm.org Matt Medeiros

    Awesome insight that many of our startups face. However I think it’s inevitable. A bootstrapped startup can’t afford to let a lead or prospect go. Here’s what I do:

    Once we have all those fishing poles in the water and we are reeling them back in – what do all of these fish have in common? Evaluate the similarities of your bait (sales pitch) that brought 18 different fish. Learn from all these experiences and find the common ground.

    As they say, catch a man a fish, he eats for a day. Teach a man to fish, he eats forna life time!

    Great article and blog. Just found this via chris brogan – I’m certainly subscribing!

  • http://www.kenkrogue.com/best-practices/market-positioning-and-18-fishing-poles/ Market Positioning and “18 Fishing Poles” | Ken Krogue

    [...] recently bumped into a post by Escape Velocity’s Liz Strauss called “When Too Many Options Are None At [...]

  • http://www.micheledortch.com Michele Dortch

    I so appreciate this analogy Liz! And, I can totally relate. As a freelancer, it’s easy to say “yes” to projects that may not totally be a fit for my talent, personality or desires. But in haste, and perhaps a dose of fear, I would accept work for the sake of having work. These days I’m smarter. I have clear goals and more important, a clearly defined focus on who and how I want to work. It certainly has made working much more enjoyable (and profitable!).

    Thanks for sharing these great insights.

  • http://buzzmedia.com.my/ David Wang

    I like your Anything For A Buck (AFAB) description! I can also relate to your reasons about shifting focus and agree with them.

    However I think Liz is talking more about having a game plan when serving that market need. As a green entrepreneur, I had to learn on my feet and kept evolving my game plan. I’m really grateful for people like Liz who take the time to teach what she learnt and help me focus.

  • http://twitter.com/WestWheeler West Wheeler

    Wow, so, I need to do this TODAY. I coordinate 3 specialty brands for an electronics company and daily, I’m not sure which one to focus on.

  • http://www.successful-blog.com Liz Strauss

    Hi Michele,
    I’ve been having this problem myself lately which among other things relates to why it has taken me days to respond to this comment.

    Though now, my issue seems more one of keeping focus on the things at hand. I still want to stay connected to those who take time to talk and relate to me online. My clear goals need more room / time for them. Still working on that …

  • http://www.successful-blog.com Liz Strauss

    HI Karen,
    Plate spinning is a danger for all of us. It seems that trying to do everything is easier than asking for help … Learning that other people are better at some things than I am has helped me immeasurably. Even then, though, I’m still learning how to ask them to help me.

  • http://www.successful-blog.com Liz Strauss

    Hi Karl,
    I learned from our conversation too. I learn every time I talk with you. :)

  • http://www.successful-blog.com Liz Strauss

    Cate,
    You’re so genuinely great at finding the hero in everyone. I wonder if you see the hero you are yourself. Look in the mirror … what you see in us is what you are. :)

  • http://www.successful-blog.com Liz Strauss

    Staying focused is sometimes harder than actually doing the work, don’t you agree? So much exciting is happening around us it seems that people are moving forward on many more things than we are. The reality is that it’s an aggregate of people who are all moving on a thing or two. heh heh

  • http://www.successful-blog.com Liz Strauss

    Hi Brett,
    Just yesterday, I turned down a delicious offer to speak in wine country for the very reason that it was more hook baiting for fish that aren’t my audience. It would have been such fun, but not the right use of my time. Really tempting …

    You’re right … then we wonder why we’re not catching anything.

  • http://www.successful-blog.com Liz Strauss

    Hi Alyx,
    It takes a lot of discipline to remember to stop to ask yourself, “Is what I’m doing still working?” It’s my Monday morning question. Such a great point you make about trying to fit everyone.

  • http://www.successful-blog.com Liz Strauss

    I found that sometimes just picking one is the answer. You can always pick another later when you know what you don’t like about this one!

  • http://www.successful-blog.com Liz Strauss

    Scott,
    You have way more energy than I do. When I have lots of good options, I want to do all of them. heh heh

  • http://www.successful-blog.com Liz Strauss

    Hi Michelle,
    Great going! I bet you can guess what would have happened if you’d waivered. :)

  • http://www.successful-blog.com Liz Strauss

    Thanks West,
    I need this reminder every day. :)

  • http://www.successful-blog.com Liz Strauss

    Hi Joe,
    You sound like a guy who knows what he’s doing. That’s really the point of this post — be fishing … not running up and down the bnnk checking fishing poles. heh heh

    I change directions often too. Boredom is not my friend either. :)

  • http://www.successful-blog.com Liz Strauss

    Hi David,
    Thank you for the compliment!
    I think at any point we’ve got to know what we’re doing. For folks like Joe, that seems to come naturally. For folks like us, we have to make sure we’re not getting into something other than what we meant to. :)

  • http://www.margieclayman.com Marjorie Clayman

    Interesting. I hadn’t really thought about the fact that the lure (pardon the pun) of customization could actually knock itself out if done too many times for too many people. Great advice via a great analogy!

  • Anonymous

    Maybe I am too big of a fan of serendipity? :)

  • http://www.successful-blog.com Liz Strauss

    Maybe you’re on to something we’re still learning?

  • http://twitter.com/ShanSteffen Shannon Steffen

    Wonderful post! This is exactly in line with the theory of “The Power of Less”, in which you focus and streamline your objectives to meet those goals that are aligned with you and your business. It’s not about the sales – it’s about the values. Focus on the big fish!

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