Analysis paralysis may occur when an entrepreneur spends countless hours in the library developing long,formal business plans with lots of data and assumptions,fancy spreadsheets,and beautiful bindings.

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Analysis paralysis refers to the situation when an entrepreneur gets stuck at the planning stage and over-analyzes every detail, causing delays in launching the business. Spending too much time developing formal business plans with excessive data and assumptions can lead to analysis paralysis.

Analysis Paralysis May Occur When an Entrepreneur Spends Countless Hours