23
Nov

A new green college campus was built, but one thing was still debated: Where in the grass should we put the paved walkways?

Some felt the walkways should be around the edges, to leave the center green and untouched. Some felt the walkways should cut diagonal, connecting all buildings to all buildings.

One professor had the winning idea: Don’t make any walkways this year. At the end of the year, look at where the grass is worn away, showing us where the students are walking. Then just pave those paths.

Of course I think about this with business plans. As time goes on, we get smarter. We learn more about our customers and what they really want. Therefore, we’re at our dumbest at the beginning, and at our smartest at the end.

So when should you make business decisions? When you have the most information, when you’re at your smartest: as late as possible.

Like the college campus, you can do without walkways for a year.

Resist the urge to figure it all out in advance. Realize this is when you know the least. When people expect you to make these decisions in advance, get used to saying, “We don’t know yet,” then tell this simple story about walkways, to show them how wise you are.

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About

Betashop is the website of Jason Goldberg,
founder & Chief Executive Officer at Fab.com.

Prior to founding Fab, Jason was Chief Product Officer at XING AG and before then he was founder and CEO at socialmedian (sold to XING AG) and Jobster. In a prior life, Jason spent 6 years working 100 hours a week for Bill Clinton in the White House.

Jason is also an investor in and Board Member at RJ Metrics. Notable prior investments: TweetDeck.

Jason is a product guy. He loves to blog, loves transparency, and loves trying to make people smile.

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