If you Fail Fast, You Probably Won’t Learn Much!
A lot has been written on innovation by business coaches and business mentors about how one has to keep failing in order to innovate but failure has a cost and you have to be sure that you are doing your trial justice. If you build an MVP that is too minimalistic, you doom it to failure but if you build it with all the bells and whistles you think it needs to show it’s better than other solutions out there, you put the risk up enormously.
In short, you can learn almost nothing in life and business without sticking a toe in the water, but often only a toe is not enough for the trial to succeed. It probably needs to be a foot (these are in short supply) and the challenge of innovating is to make sure you don’t lose a leg in the process or run out of feet!