Fail Fast, Learn Faster. Don't fall for the sunken cost fallacy.

Fail fast

Ever noticed how Google’s like that friend who’s always trying out something new?

One day it’s Google Glass, and the next, it’s adios Google+.

It might seem like Google’s just throwing stuff at the wall to see what sticks (see killedbygoogle.com), but there’s a method to the madness.

It’s all about failing fast, and honestly, it’s a bit of a superpower in the tech world.

What’s the deal with failing fast anyway?

So, what’s this whole ‘failing fast’ thing? Imagine you’ve got this wild idea for a product. You put it out there, it flops, and you’re back to the drawing board, right?

Wrong. You’re actually one step closer to nailing it.

Failing fast isn’t about messing up; it’s about learning at warp speed. It’s like taking a shortcut to success town.

Don’t fall for the sunken cost fallacy

Ever heard of the sunken cost fallacy? It’s like throwing good money after bad into a project that’s just not working. The trick is to know when to cut your losses and pivot.

That’s where the art of failing fast comes in. It’s like having an eject button when you know you’re heading for a crash.

The real magic happens when you can zigzag like a pro.

Something’s not working? No biggie. Tweak it, twist it, flip it – but don’t get stuck.

The key is to move fast and stay agile. It’s like playing a video game where you get unlimited lives to try again – each time a bit wiser.

Fail fast, learn faster

So, what’s the takeaway from all this?

Embrace the flops, love the missteps, and always be ready to jump onto the next big thing.

Remember, in the land of product development, the only epic fail is being afraid to fail at all.

Keep trying, keep learning, and who knows – you might just be the next big thing after sliced bread!

Also read 22 reasons for why a startup fails and how to avoid them