Entrepreneurs are often attracted to shiny objects because they bring optimism and excitement, leading them to switch tracks too quickly when faced with challenges. However, it's crucial to stay in the 'trough of despair' long enough with the current track before jumping to a new opportunity. While it's important to recognize when to switch tracks, it's equally vital to avoid staying on a track for too long. Thorough research and due diligence when considering new opportunities can provide valuable context, making it easier to predict challenges and make informed decisions. Smart business owners choose audiences that are easiest to enter and make strategic bets after considering the pros, cons, and trade-offs. More context ahead of time can help in making better decisions and provide confidence when jumping into new opportunities, anticipating and preparing for the inevitable challenges.

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