When venturing into the unknown, leaders often take a small step into the territory but don’t spend enough time there to adequately learn, discover, and explore. This is because it can be uncomfortable. But establishing Boundaries can help you explore the unknown confidently.
Boundaries are declared parameters of what you will invest (and by default, what you won’t invest) to explore the unknown. The practice of setting Boundaries creates a safe pathway for you to explore. Examples of Boundaries include time, money, reputation, and opportunities.
Through the process of creating Boundaries, you will be able to decide when to keep going, pivot, or stop your progress on any Idea you’re working on.
Extra Credit: Thinking about an Idea you are working on, ask yourself: what am I willing to invest in order to take the next step? What am I not willing to invest? (Think: time, money, reputation, and opportunities.)