Paralysis Analysis: How Planning Can Make You Broke
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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.
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.