Thursday, August 25, 2011

Paralysis By Analysis

We all have a system for how we get things done.

I have a friend who, when she gets an idea, DIVES into it headfirst, slaps her way through the obstacles and, through persistence, usually arrives at a goal that is pretty close to what she was aiming at.

Another friend is more methodical. He sees a goal; comes up with a plan; goes step by step through the plan; when he encounters obstacles he thinks, plans and works his way around the obstacles; and, most of the time, ends up somewhere near what he had in mind.

I envy my friends because they usually reach goals faster than I do. When I set a goal I start reading everything I can get my hands on about the process. THEN I start creating a plan. I often end up suffering from paralysis by analysis.

Over the last few years I’ve been paralyzed when it comes to a major decision. I’m about to get off the pot and make it, but I’ve wasted way too much time thinking about it.

I’d probably do better to just jump in, sink or swim, and adjust accordingly. The best companies today are operating on a READY—FIRE!—AIM kind of business model.

One of my business heroes, Bob Bly, says, “The money is in the doing, not the reading.” He talks about 25-50-25. 25% of your time is spent in planning, reading and thinking. 50% of your time is spent in doing it…action. And 25% of your time is spent in following up.

What have you spent too much time analyzing? Time to get off the pot?

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