Procrastination – The reason why you won’t achieve Financial Independence

We have all been there, you have the next big thing, you have a great idea about how you can turn your life around and become the next big thing in your industry. A week later you haven’t done a thing about it and a month later you have forgotten all about it.

Whether it is a diet, starting a new sport, learning a new language or starting your own business or putting a financial plan in place, we have all procrastinated.

The issue I have with this is if you don’t start you will never succeed. Procrastination is costing you far more than any failed business would. You can start a business for £40, why wouldn’t you give it a go?

Yet I hear excuse after excuse after excuse:

  • I don’t know where to start
  • I don’t have enough time.
  • I don’t have enough money to start my idea
  • I couldn’t compete with the big businesses
  • I don’t have the skills to turn my idea into money
  • You are too concerned about what other people would think
  • You have a fair of failure

These are just a small selection of reasons I hear on a weekly basis. The main reason we don’t follow through on ideas is due to our self-limiting belies, the idea that you aren’t good enough to turn your idea into something successful or the fear of failure.

To truly be successful we need to work past this and believe in ourselves.

I have failed with that many online businesses I have stopped counting, and what has this cost me? About £50 and a little bit of pride. Before I started my first blog I read every single article about it out there and I tried learn everything before I started.

This didn’t work in my first day of blogging I come across issues and problems that I couldn’t have researched. You learn to deal with them, you learn how to turn them into positives. That blog eventually became one of my biggest success and I got 12,000 subscribers in the three months.

Business is a learnable skill, something you can learn whilst doing. If you never start you will never learn and more importantly if you never start you will never succeed.

So how do we get over procrastination?

procrastination

There are many ways we can get over it, but there are certain ways that have helped me over the years and will hopefully help you.

Focus on one thing. I am a huge advocate of the book by Gary Keller ‘The One Thing’ (Insert link). We need to break down everything we do into little manageable chunks. Quite often when you have an idea or a new business venture the whole project is daunting and you won’t know where to start.

Apart from hiring a coach, the best thing you can do is focus on one thing at a time, don’t just flit between things, take your time on each piece of the jigsaw and work towards the end goal. This allows you to work in a logical sequence until completion. Most importantly it allows you to make the first step, the hardest step, starting.

Completing something is better than perfection. A number of businesses, books, videos, courses etc… have failed due to the idea that they have to be perfect. Of course we should aim to make everything we produce the best we can, but to conclude that you can’t release something until it is 100% complete is rubbish.

The best method is to release something to the best of your abilities and then focus on repurposing it and make it better through a period of continuous review and improvement.

Stop fantasising about your desired results. This is one of my big failures, I focus on the end goal. I focus on having a business provide me with thousands of pounds worth of passive income each month. This doesn’t work. Instead of focusing on your desired results, focus on practical steps towards them, break it down into small steps that you can start doing to achieve that goal.

Each and every one of us is different and we have different reasons why we don’t start things today. If I could ask each and everyone one of you just to start something today. Focus on an idea you have, or use one of my ideas to increase your income.

Starting something small today is far better than just dreaming of something big tomorrow.

Still struggling, looking for a business partner or coach you can work with to help you achieve your goals? Feel free to email me and I will do my best to help you. Or even better head over to my coaching page to see if we could work together.

2 thoughts on “Procrastination – The reason why you won’t achieve Financial Independence

  1. Hi James, I really like this post, there is nothing I find more frustrating than realising several months down the line how little I’ve achieved because of procrastination! I’ll take your tip to ‘focus on one thing’ and see how that helps. I find it’s very easy to get overwhelmed by a large to-do list, and I end up doing nothing, or bits of everything. Thanks!

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