STOP AND SMELL THE ROSES
Too often the adrenaline in our system takes control of our common sense and we rush to complete a new project without doing the necessary “thinking” as to the details and the ramifications of proceeding.
“Fast” is an important action word in the life of a small business; many things have to be expedited in order to take advantage of an opportunity. I am an advocate of “Just Do It” but not without a pause to understand the risks and rewards associated with quick actions.
There is no specific amount of time to think over a quick action opportunity, but you should always have time to consider the following questions and answer them in writing:
- Why is fast action required?
- What do I gain if I go forward with this opportunity?
- What do I have to set aside in order to take this new path?
- What are the projected financial gains/losses from this action?
- What are the costs associated with this action?
- Have you spoken to your mentor or peer group about this?
- What is the time required to implement this new action?
A few of these questions may make use of a T chart with pros on one side and cons on the other.
Answering these questions may only take a half an hour, but it gives you a chance to reflect on what you are considering and takes away the impulsive action.
Nobody is too busy, it’s just a matter of priorities.
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