Why Indecision is Killing your Business 6 Things you Need to Know
Have you ever felt completely paralyzed by indecision? You can’t seem to make a decision, no matter how much research you have done, pros and cons lists you have made or risks that you have justified on paper. And, yet, you are left wondering why indecision killing your business.
For entrepreneurs, indecision is a hot topic and a common plague for the uncommon business owner. And, it is a problem that never seems to go away. The reason why indecision is killing your business is the same reason why success is exponential. It’s a cycle driven momentum. That is why I am here to share my list of 6 things you need to know, so you can redirect your inertia. I guarantee that massive results are around the corner, if you only turn your indecision around to instigate change – let’s do it!
The First Law
We can all recall the familiar story of Isaac Newton beneath the apple tree. Whether this is truly how Newton discovered the laws of motion or not, there is something to be learned from it as a small business owner. Refresher: The First Law states that every object in a state of uniform motion tends to remain in that state of motion unless an external force is applied to it. In other words, there must be a catalyst for every change in momentum. Isn’t it time that you redirected the inertia of your business?
In fact, that literally means that the apple does not fall far from the tree. As an entrepreneur, the reason why indecision is killing your business, is that fear, insecurity and uncertainty all lead to a vicious cycle, negative feedback and downward spiral. If you are the like the thousands of small business owners that I have worked with, then there are 7 things that you need to know about indecision.
3 Ways Indecision Stalls a Business
Whether in life or in business (and, in this case, for an entrepreneur they are one in the same), the hardest thing to do is to turn the gaze back on yourself. And, yet, reflection is essential. Trust me, from personal experience, your biggest “ah-ha” moments are when you realize that you are your biggest obstacle. Indecision starts with you. Let’s talk about 3 ways indecision stalls a business and slows down progress.
- Fear is multifaceted and manifests itself in many forms. If you stop to reflect on ways that indecision stalls a business, you will find that your fear tops the list. Whether it’s a common fear of failure, loss, rejection, or a less common fear of success, expectations or responsibility, it is the #1 reason why indecision is killing your business. Fear is the first to conquer us and the last to leave us, but the sooner you recognize fear as an old friend the better. I challenge you to turn it around into a positive force to be reckoned with!
- Insecurity is best friends with Fear. With a little reflection, you soon realize that negative perception can quickly deteriorate positive projection, and insecurity can rapidly eat away at your sense of security. Do not dig your own grave and kill your dreams of exponential success! If you wonder why indecision is killing your business, evaluate if you are acting in your own best interest – you should be your number one advocate. Choose to build yourself up and connect with your abilities, instead of tearing yourself down and focusing on your inability.
- As a business owner, entrepreneurship is chock full of uncertainty. If you are questioning the risk or uncertain of the reward, it is easy to fall into the trap of allowing indecision to kill your business by welcoming inaction into play. Think of the stock market. What happens when uncertainty rules the game? I can tell you now that it does equal exponential success. Invest in yourself, you’re in charge! Change rules of the game – you will be glad you did.
3 Steps to Developing Good Decision Making Skills
Momentum breeds momentum. The best way to combat indecision is to start by developing good decision making skills. That means it’s time to work backwards from the problem, so you redirect your inertia. There are many reasons why indecision is killing your business. But, more importantly, as a small business owner you have to identify how indecision looks and feels to you. Indecision comes plays out differently for everyone within the decision making process. Let’s start at the beginning – here are 3 steps to identify the source of your indecision, so you don’t let indecision kill your business.
Batten Down the Hatches.
Take your hand off the escape hatch, and batten down the hatches. Good decision making skills do not come from making a decision only to have an escape plan in mind. That doesn’t mean that you shouldn’t be proactive as an entrepreneur. Project for the best and planning for the worst case scenario is part of your decision making process. But, it does mean is that you have to make decisions you can commit to and commit to risks you are willing to take.
If you want to experience scalable success, take it from me. Will 10 successful business and 3 decades of experience under my belt, I know that that you have to be all in! If you identify with holding onto that escape hatch, then this is why indecision is killing your business. And, it is a silent but deadly killer.
Escapism is self-sabotage at its finest. Instead, listen to your intuition and make decisions you can stand behind! That is the only way that any decision or business strategy has a chance at success. Exponential success comes to those that can commit and learn from both their wins as well as their losses.
Step off the Treadmill.
The metaphorical treadmill that is. It’s time to break the cycle of indecision. If this sounds familiar, then we have pinpointed why indecision is killing your business. It can feel like a never-ending cycle of never fully deciding. In this scenario, the guilt alone will overwhelm your ability to make a decision, let alone a good one.
Call in the substitute! Stop side-stepping decisions. The decision making process can be a simply one if you let it be. Make the choice to instead develop good decision making skills as a small business owner. It’s as simple as picking a path and sticking with it. There is no better way to take your decisions and solutions for a test run. Results come to those that forge ahead.
Say Goodbye to Stalling Patterns.
If you are stalling just for stalling’s sake, then you are not doing yourself a favor. Patterns of behavior are just that – a pattern. Replace a pattern of behavior with another more constructive one. Step 1: Set a deadline; Step 2: Outline a plan; Step 3: Construct your process for evaluating the pros and cons. And, then make a decision.
For worse or for better, nobody puts baby in the corner! The reason why indecision is killing your business is that you are stalling your own success. Do not put your dreams of success on hold. You should only hold off on a decision if you have a constructive reason for doing so. Happy decision-making!
It’s Time for a Change
Isn’t it time for a change? Turn indecision on its head, and choose massive change instead. You deserve to develop good decision making skills, skills that help you reach your pinnacle. Take it to the next level, reach your next breakthrough and break through that ceiling. The reason why indecision is killing your business is same the reason that success grows exponentially – inertia builds on itself.
Every entrepreneur and small business owner has gotten lost in a haze of indecision a time or two. Avoid stalling patterns that slow your progress. It’s simple – indecision breeds indecision, and momentum breeds momentum. Scale up to your true potential and replicate your success. See you on the other side!
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Allison Maslan, CEO of Pinnacle Global Network, is the Wall Street Journal Best Selling Author of Scale or Fail, which is endorsed by Daymond John and Barbara Corcoran of Shark Tank. Allison’s built 10 successful companies starting out at age 19.
Now she and her team of CEO Mentors pay it forward by helping business owners scale their companies, fast-track their success, and create a more meaningful life. Pinnacle Global Network, a world leader in scaling companies and empowering business leaders has guided thousands of CEO's and Founders to success over the past decade. Allison’s been featured in Inc., Success, Fortune, Fast Company, and Forbes Magazines, is a regular contributor to Entrepreneur Magazine, and a featured expert on ABC, CBS, NBC, CNN, and Fox across the US. She is also the host and producer of The Scale or Fail Show podcast, and the Women Who Own it Podcast in partnership with WBENC, the largest certifier of women-owned businesses in North America.
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