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How Planning Can Make You Broke: Paralysis Analysis

Regardless of your business venture, planning is essential. You have to set goals which require planning and then you have to plan how to best achieve them. If you are creating a website you will plan it from the very first detail. Every aspect of your business will require a solid plan in order for action to be successful. In essence, the key to succeeding is to plan accurately and thoroughly. However, it can also be the cause of your demise.

paralysis analysis

The fact is that planning can take a wrong turn. Some people can easily get caught up in the plans and continue on that path indefinitely. No matter what you are trying to achieve you will always find something else that needs to be planned and organized. If you allow yourself to get on that boat and never get off then you will not see the success you want and need from your business. Instead you will have what is often referred to as analysis paralysis.

This refers to someone who is so busy analyzing what they want to do that they become paralyzed when it comes to action. In other words, you are so busy going over every step of how to achieve your goals and become successful that you never spend any energy on making those goals happen. Your ideas may be great, but without action they do not get you anywhere. No one can make a living and be successful simply on ideas. There must be work put into it and effort expended to turn those ideas into a reality. If you think about, this is true in every aspect of your life. If you merely sit and go over what you want to do without ever actually doing it then you will find nothing ever gets done. In the business world it can end up costing you money and leaving you with nothing more than a good idea.

The best way to avoid this is to allow adequate planning and then have a course of action. Know the steps you need to take that will make you successful and begin taking them. It may simply be to create the website you want and actually put up the information you intend to share there. Each step is one more towards your goal and away from the paralysis that may have bound you. Over time you will find that you are able to combine a healthy amount of planning with working to create the successful business you want.

Don’t let yourself get too consumed in the planning process. While it is essential if you want to succeed, you do not want it to overtake you. Instead place the majority of your focus on the steps you need to take to meet your goals. Having those goals is great and should always be the case. However, working to meet them is the difference between simply planning something and achieving it.

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5 Comments (Add one)

  1. david
    david

    Hi Ste, perfectly true. There are two sides to paralysis analysis. You have to be careful to analyze enough or you could make a huge mistake.

    On the other hand, if you analyze too much you can also miss out on opportunity.

    I have the problem of analyzing too much sometimes, but I just function that way.

    There is something to be said for ‘feeling’ your way along too.

    Taking baby steps until you are sure the direction is a good one is what that would entail.

    Thanks for another good post from Dukeo.

    If you don’t mind me asking here. How am I doing on the contest? Am I on my way to winning the kindle?

    If you don’t want to answer here, I can be DM’d on twitter @davesnape

    Thanks Ste (sorry I don’t have the accent thing on my American laptop keyboard)

  2. Affiliate Manager
    Affiliate Manager

    I have about 30 projects I’m planning and unfortunately, there’s just not enough time in the day. Making sure you are making progress towards your goals is a good way to make sure all your planning isn’t a waste :)

    1. david

      Good point Luke. that should be part of any time management equation we cook up.

      Of course, it is easier to say than to do. Separating work life from everything else is not easy to do either.

      Greater financial freedom equates to having more time to balance everything more effectively.

      I don’t know where you are at but I hope to one day reach a point where I can have an assistant. ( a real one – not virtual) someone I can rely on.

      But I am not even close to that point yet.

      Balancing 30 projects is no easy feat! I haven’t had to do that as of yet.

    2. Joseph
      Joseph

      Hey Affiliate Manager, seems you ain’t the only one finding there’s no time and the day seems to be less than usual leaving some untouched projects live untouched. Hopefully this article gets the best of me to learn how to make sure I am making progress towards my goals… after all I didn’t plan for my plan to end up a waste.

  3. Joseph
    Joseph

    Hi Ste, you really taught me a whole new and useful thing with this post today. Not actually new but the “paralysis analysis” makes everything new.

    Thanks