CONFESSIONS OF BUSINESS LAZARUS #12: The Hidden Trap of Excitement: Why Research Must Come Before Action

Every entrepreneur starts with passion. That spark of excitement that keeps you awake at night, sketching ideas, dreaming of impact, and planning your breakthrough moment. But here’s the truth I learned the hard way — enthusiasm alone doesn’t build a sustainable business.
My partner, Kayode Ayeni, and I discovered this during our very first venture — Dial-A-Plumber Limited. It was our bold attempt to modernize the plumbing industry in Nigeria around 1990. The idea felt revolutionary: instead of hunting for a local plumber, customers could simply call our central line, and we’d dispatch a trained, uniformed professional to their home. It was convenient, futuristic — and in our eyes, foolproof.
We were bursting with excitement. We poured our savings into branding, uniforms, tools, and setting up a professional office space. Everything looked sleek, polished, and ready to impress. The only thing missing? Proper research.
When Enthusiasm Becomes a Blindfold
Our enthusiasm became our biggest weakness.
We talked endlessly about how successful the business would be — how we’d revolutionize home services and expand nationwide. But what we didn’t do was test whether the market was ready for our concept.
At that time, very few people in Nigeria had access to telephones, especially mobile phones. The entire business model depended on customers calling us — a fatal flaw we didn’t see because we were too caught up in our own excitement.
We were so protective of our idea that we avoided sharing it with anyone experienced. We feared someone might “steal” it. Looking back, that decision cost us valuable wisdom from business mentors who could have easily spotted our blind spots.
The Hard Lesson
When Dial-A-Plumber failed, it was painful — not just financially but emotionally. We had been so convinced that passion alone would sustain the business. But what we learned was invaluable:
Enthusiasm is not a substitute for knowledge. Passion must be balanced with preparation.
Had we taken time to research the market, study customer behavior, and validate our assumptions, we might have saved ourselves from heartbreak — or at least postponed it until we were better equipped.
What Every Entrepreneur Should Remember
If you’re starting a new business, enthusiasm will take you far — but only when paired with the right groundwork. Here’s what I wish we had done differently:
- Talk to experts early. Don’t let fear of idea theft keep you from learning. Advice is cheaper than mistakes.
- Study the market before investing. Understand the timing, demand, and readiness of your target audience.
- Plan beyond the excitement. Focus as much on the unseen work (strategy, systems, cash flow) as you do on branding and appearance.
- Test your concept. Even a small pilot can reveal flaws in your assumptions before you scale.
Final Thought
Enthusiasm is the heartbeat of entrepreneurship, but research is its backbone. Passion gives your idea life, but preparation ensures it survives.
Every time I reflect on the Dial-A-Plumber experience, I remember this truth:
Excitement without evidence is just emotion. Real success requires both heart and homework.