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Entrepreneurship

You don’t need more courage

Dean Jackson 2 min read

We've created a mythology around entrepreneurs.

They're supposed to be fearless. Risk-takers.

People willing to bet everything on a bold idea and leap without knowing where they'll land.

And the more successful entrepreneurs become, the more they can feel obligated to make bigger and bolder moves.

But when it comes to advertising, I don't think most entrepreneurs need more courage.

I think they need more evidence.

Claude Hopkins taught that every advertising disaster begins with unnecessary rashness.

That lesson is even more relevant today.

We can create an ad this morning, put it in front of real prospects this afternoon, and begin getting an answer almost immediately.

Did they stop? Did they respond? Did they raise their hands?

If not, we can adjust the title, offer, image, audience, or message and run another small test.

We don't need to bet the company. We don't even need to bet $1,000.

In many cases, $100 will tell us whether we're moving in the right direction.

That isn't timidity. It's discipline.

That isn't timidity. It's discipline.

There are plenty of unavoidable risks in business.

But risking a large amount of money on an untested advertising idea isn't entrepreneurial courage. It's an unnecessary gamble.

The bold move comes later.

Once you've found the appeal that works... Once you know you can generate leads at a predictable cost... Once you've watched those leads engage and convert... Then you can confidently expand it.

That's when you increase the budget. That's when you enter new markets. That's when you give the winner everything it needs to grow.

You don't need courage to spend a lot of money before you know what works.

You need patience to run the test, humility to listen to the answer, and discipline to wait for evidence.

The market is perfectly willing to tell you what deserves your money.

All you have to do is ask with a small enough test.

Courage is valuable when uncertainty is unavoidable.

Testing is valuable when it isn't.

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