Look Who it Was Random video

Quit Thinking And Start Doing - Action Beats Planning

4,233 views · Published 7 October 2016 · 12:57 · Indexed 22 October 2026

Channel: Rules For Rebels · 2016 · Entertainment

Watch on YouTube

Hey guys, today I wanted to talk about something I touch on a lot, Taking Action!!!.

It's my personal opinion that action almost always beats planning. If you havn't read the 4 Hour Work Week or the $100 Startup I suggest giving one or both a read as it really gives you a look at the mentality that imho the most successful entrepreneurs have. 

Lately I've been getting a lot of questions from people asking how to setup an LLC, how they should structure their business. What bank should they get their business bank account from Chase or their Local Credit Union. What inventory management tools they should use. 

The problem I have is most of these people don't even know what they are going to sell, how they are going to make money, etc. I have been working with a couple people who are planning on doing small scale retail arbitrage and they are paying $30 a month and trying to learn an inventory management system. Your inventory management system is a pen and paper or an excel form. Your going to be dealing with 10 items at a time, you dont need inventory management.

These people should be out at Walmart or wherever buying items running home and listing them on eBay or Amazon, not spending hours trying to figure out how to setup a system to manage the 10 items they are going to be selling. 

I'm not saying planning is bad but over planning is bad. Just get started and figure out problems as they come, don't sit down and anticipate the 522 potential problems you "may" have, most of which won't happen and your wasting time on planning for. 

I'm also not saying working smart and not hard is not a good thing to do it is. this is more designed for the total beginner. If you dont know how your going to make money, if you dont know what your going to sell, and if you can't articulate why/how your going to be different from the competition that should be your main focus.

More from this channel