What Should Entrepreneurs Focus on? Research or Taking Action?

People talk about how entrepreneurs should take immediate and decisive action. This is important, but most people tend to forget about doing sufficient research and investigation before taking action, thus ensuring their actions are much more efficient, accurate and strong.I'm all about action, and I recognise that I need to take more action too, but I believe that before you take action you need to spend as much time as possible on researching and learning from others' experiences and mistakes.I spend 2 weeks in November 2016 leaning about inbound marketing and how I could use blogs and other content to get traffic and customers.I feel that you need to keep researching and learning until you get to a point of where you feel guilty that you've spent too much time researching and now you need to take action.Or, until you get to the point where you feel you have sufficient knowledge in take accurate and efficient action.I do not suggest you jump straight into something with any research, as you'd end up making too many mistakes and you'll end up wasting too much time.For every 1 hour you spend researching, you save 5 hours of making mistakes.For every 1 hour you spend researching about a specific topic you'll discover things and learning form the mistakes of others, thus saving you time, energy and effort. If someone spent 1 year experimenting with something, and then wrote about it online all you had to to was read the article and come to the same conclusions and lessons as this person did, but in a much shorter space of time.In economics there is a chart called a convergence rate, which talks about how if someone establishes some research or knowledge that took him 10 years to master, he can then teach that lessons to someone else and he can master the same knowledge in an afternoon.Get lost and get carried away in your research. Go crazy!Because you never know what you'll discover and find out- you could find out something that'll change your entire strategy or could open up new ideas and opportunity for you. You don't know what you don't know, and the best way to discover what you don;'t know is to keep learning.When you reach a point where you feel confident enough to act, or you know enough about a the topic you can begin to take action- that is best time to take action. Otherwise you'll be jumping into the deep end without even having any swimming lessons.Taking action is important, but taking wise, guided and knowledgeable action is even smarter.What I recommend is reading 3 books on a topic, 100's of blogs and videos. You want to really add 100s of videos to your watch later list. But all the information out there in the world you want to take it with a pinch of salt, especially the free sources, as not everyone knows what they are talking about. But, learning what not to do is just as important as learning what to do.Learn more about this topic in one of my books:how to get ahead as an entrepreneur.What do you think? Do you Agree, disagree?Leave your comments below.As always: share this article, Let others learn what you've learnt.Read other books I've written:amazon.com/author/adriannantchevRead them for free if you are a Kindle Unlimited or are on Amazon Prime.Follow me on Twitter:@NantchevSend a friend request onFacebookSubscribe to me onYoutubeConnect with me onLinkedIn