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> <channel><title>Pollenizer: Building and Investing In Australian Web Startups &#187; last 1%</title> <atom:link href="http://www.pollenizer.com/tag/last-1/feed/" rel="self" type="application/rss+xml" /><link>http://www.pollenizer.com</link> <description>Building and Investing in Australian Web Startups</description> <lastBuildDate>Mon, 06 Feb 2012 02:19:18 +0000</lastBuildDate> <language>en</language> <sy:updatePeriod>hourly</sy:updatePeriod> <sy:updateFrequency>1</sy:updateFrequency> <image><link>http://www.pollenizer.com</link> <url>http://www.pollenizer.com/wp-content/themes/sandbox/images/favicon.ico</url><title>Pollenizer: Building and Investing In Australian Web Startups</title> </image> <item><title>99% Finished Is Normally About Halfway There</title><link>http://www.pollenizer.com/99-finished-is-normally-about-halfway-there/</link> <comments>http://www.pollenizer.com/99-finished-is-normally-about-halfway-there/#comments</comments> <pubDate>Mon, 26 Jul 2010 01:50:06 +0000</pubDate> <dc:creator>Mick Liubinskas</dc:creator> <category><![CDATA[Blog]]></category> <category><![CDATA[99% there]]></category> <category><![CDATA[closing sales]]></category> <category><![CDATA[last 1%]]></category> <category><![CDATA[venture capital]]></category> <guid
isPermaLink="false">http://www.pollenizer.com/?p=2577</guid> <description><![CDATA[&#8220;We&#8217;re 99% there,&#8221; says the very excited entrepreneur. &#8220;Fantastic, well done. Only 50% of the way to go,&#8221; responds the veteran advisor. We often laugh at this at Pollenizer. It&#8217;s something we hear lots of people say when they are starting a new web business, establishing a new partnership, closing a sale or raising investment [...]]]></description> <content:encoded><![CDATA[<p>&#8220;We&#8217;re 99% there,&#8221; says the very excited entrepreneur.</p><p>&#8220;Fantastic, well done. Only 50% of the way to go,&#8221; responds the veteran advisor.</p><p>We often laugh at this at Pollenizer. It&#8217;s something we hear lots of people say when they are starting a new web business, establishing a new partnership, closing a sale or raising investment / venture capital.</p><p>The reality is that the last 1% is always the hardest. Signing the contract, getting the money in the bank, that final step is always much much harder than we think.</p><p>Yes, in terms of momentum, it does feel like you&#8217;re nearly there. But in terms of complexity, work and time, you&#8217;re much further away. Why is this the case? A few reasons;</p><ol><li>There is more detail to go through than we expected.</li><li>Someone who didn&#8217;t want to be involved until it got to this point is now involved.</li><li>Discussions and enthusiasm is free, but signing the deal is very real and people get nervous.</li><li>Negotiation can take a lot more thought.</li><li>(What have I missed here? add a comment and I&#8217;ll add it to the list with contribution link)</li></ol><p>This shouldn&#8217;t get you down. You just need to keep driving. Keep pushing. Don&#8217;t stop until the deal is done. Yes, it&#8217;s hard, but that&#8217;s no excuse. Watch West Wing Season 2, final episode with the talk between the president and the ghost of Mrs Landingham.</p><p>Or watch this &#8211; coffee is for closers!</p><p><object
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