Have you considered how long you should take before you take a decision? Minutes, hours, days, months?

If you are an employee, you may want to sit and reflect before you take action. After all, your boss will say the last word. If you are an entrepreneur, though, there is not a minute to lose! You should act here and now!

The inspiration for this article came from the fire I witnessed yesterday in the opposite hill. Around 6 in the evening, while I was sipping my iced milkshake in the veranda, I noticed the first flames within a residential area. Within minutes the fire brigade arrived but they found it extremely difficult to place the fire under control.

Half an hour later, when everybody expected the helicopters to arrive, we noticed a small plane taking stock of the extent of the fire. By that time, it was beyond 6:30, the winds were picking up, and everyone was afraid of the dangers of the impending night.

The first helicopter did not appear until 45 minutes later. By then, the fire spread on the mountain and reached the pine forest. As you probably know, fires in pine forests are prone to spread fast and furiously. The situation was far beyond the control of the fire-engines and the single helicopter. See more photos HERE.

The long delay in the beginning of the operations resulted to the destruction of a large segment of the beautiful pine forest on the mountain. It will take years to replace it, if at all!

So, what is the moral of the story with regard to entrepreneurship?

Entrepreneurs are like fire fighters. They cannot afford waiting for the fire to spread. They need to keep their eye on the ball and their energy at its peak. Especially, when they start a new business or venture, they should learn their lessons quickly and they should implement the solution even faster.

There is never time for quiet reflection, or deep analysis, or taking a holiday from the stressful environment in which they operate. The pivots should follow one after another, swiftly and precisely. Otherwise, someone else may profit at the expense of the poor entrepreneur who waited too long before acting.

Take as an example the CEO of Hipstamatic, Lucas Buick. When he lost focus back in 2011, he allowed the competition to take the lead, he almost banckrupted his company, and he had to face very bad press. You can read about it here No Filter: How Instagram Caused Hipstamatic to Lose Focus and Gamble on Social. By the time the CEO reacted, it was already too late. The late acknowledgement of his mistakes was not enough to turn the company around.

If you want to be successful, you ought to learn from the mistakes of others and act fast to catch up with rapid developments in the economy.