I will never forget the game, or the play for that matter! We (JMU football) were playing the University of South Florida and my friend and wide receiver was running a crossing route through the middle of the field. Our quarter back made a good throw, but it was a little high causing the receiver to stretch out to catch the ball. What he didn’t see was the 6’ 2’’, 245lb middle linebacker waiting just out of his peripheral vision.
This play is so memorable to me because within seconds we went from a potential first down to my close friend lying motionless in the middle of the field. He laid there for what seemed like an eternity, until finally the EMT carried him off the field on a stretcher while he remained unmoving.
The good news is that he was not paralyzed and was back to playing again in a matter of weeks, however the scare of the potential paralysis was enough to forever stay in mind. He later talked about the incident and described the terrible feeling of being trapped in his own body. Thank God this was not a permanent injury!
As scary as this was it was not the only time I have witnessed a person experiencing paralysis. In fact, it seems that I witness paralysis on what seems a weekly basis. I have even experienced paralysis in my own life! The paralysis I am speaking of is not of the body, but of the mind.
This is what I call Analysis Paralysis. Analysis Paralysis is when you analyze a part of your business or a life decision to the point that you are paralyzed into doing nothing more than analyzing it further.
Most of my examples come from real estate deals. I often look at a deal and within 5 minutes I know if it will give me a desired return or not. There are times that it takes a little longer to analyze the structure and all the moving parts, but when it’s a great deal it’s obvious. In fact, I find that when I have to put a lot of time into analyzing a deal it’s often because the return is not there.
Continually educate yourself This will help you eliminate insecurities and fear. The more you know the more confident you will be when the time comes to make decisions.
Before decision times come, have criteria in place so you know quickly whether it meets your standards. This will allow you to quickly weed out the good decisions from the bad ones. If something doesn’t meet your criteria, move on!
Not every decision has to be a home run; sometimes 2nd base is good enough. As long as it is getting you closer to your desired outcome and is in line with your criteria then it will be beneficial.
Opportunities are always available! Too many people are scared to say “no” even when they feel the decision may not be favorable for them. If it doesn’t lead to where you want to go, just say “no”!
The issue isn’t analyzing less, but rather analyzing more decisions in less time. The more you practice the art of analyzing the more efficient you will become at it.
Don’t let Analysis Paralysis cause you to become stagnate. Make quick decisions and take action! I have bought hundreds of great real estate deals while others were too paralyzed analyzing. I still to this day wonder about their hesitancy as these seemed to be no brainer, smoking deals! What this really boils down to is a failure to take action because of fear. When the fear of making a decision hits us we convince ourselves that by building another spreadsheet, crunching a few more numbers or asking a few more questions we will get a better “feeling”. Do not become a victim of the fear to take action! Analyze and act!
What treatments would you add to cure Analysis Paralysis? Click here to leave a reply.