Me and Owain had a good old chin-wag to try and get our heads around where things are going. In just over four months our tenancy will end at The Innovation Centre where we are currently on the Enterprise Inc scheme. This will mean by the start of July we will have overheads whether it be some kind of shop space or if even if we remain in The Innovation Centre.

I think if we both looked at our business plan now, we would barely recognise it. In the whirlwind of starting up your own business, planning can sometimes be put to the very last minute or if you have planned – completely ignored.

The importance of planning has been drilled into my cranium throughout my whole education. However, I get the feeling that when I plan something I get too comfortable and I can overlook things as we move forward.

I’m not knocking planning. But as I’ve said before, in this game you can have a few people chuck you ideas and have your head completely turned. What planning does do though is keep a record of the things you’ve thought about – even if they are put to one side, they may come into play later.

There are a lot of things me and Owain make decisions on very quickly, sometimes too quickly. Sometimes things just need to be resolved. Sometimes you go with your gut – if you fail, your hailed as an idiot, if you win, you’re a winner!

We have to make a huge decision on where we are going to be come July. It will require planning for sure. However, the decision may be made on gut.

Labels: business plans, decision making, Dominic, fishbowl3, gut reactions