THE COACHING AUTHORITY

November  - 2015
Everyone procrastinates, whether the admit it or not.

But most times, that's not the best route to take. Not only will procrastination prevent you from reaping rewards, but your inaction will prevent you from even being exposed to opportunities. Out of all the negative effects of procrastination and indecision, the failure to spot and act on opportunity is probably the saddest.

This week we are going to discuss the effects that procrastination has on success and opportunity. 
 
Successfully,
Patrick S. "Coach" Frazier

Patrick S. Frazier, CBC
The Coaching Authority
(574) 286-1123













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Execution Decisions

Execution challenges surface when your increasing revenues are not generating increasing profits. I've seen many firms triple their revenue, because they have capitalized on a differential advantage, only to see their profitability drop because of the sloppiness of their execution.

The other indication of poor execution is pure hours spent delivering your products or services. When execution is haphazard, the organization has to rely on the "heroics" of their people putting in incredible hours to just keep the wheels from falling off the organization. By simply tightening up your execution habits, you can dramatically improve gross margins and profitability while reducing the time it takes for everyone to complete their work.


Got Execution Challenges? Yes we can help with that!

Double Whammy: The Effects of Procrastination
Procrastination, like all of your behaviors, carries consequences. Whether your behavior is conscious or unconscious, you will eventually have to deal with the effects.

Procrastination is something that we all have to confront and deal with from time to time. It's only natural to procrastinate at times, but the way you deal with your procrastination patterns will determine what effects procrastination has on your life.

One of the most obvious effects of procrastination is the failure to reap the rewards that would come from taking action. When you procrastinate you simply fail to take action on the very things you know will bring you the rewards that you desire. Although you know what you want and even what you need to do to get it, you still have to take action and it's usually at this point where procrastination sets in.

Because the results you desire are often something bigger and better than what you currently have, you must step outside your comfort zone to get it. You might have to take actions that you are not comfortable with in order to reach your long term goals. 

Through your actions and your behavior you create or un-create your life. It not just your actions, but rather your failure to take action that will have a greater effect on the rewards you reap from life.

More than anything else, action opens you up to opportunity. Opportunity is rarely the result of you waiting for it. When you put yourself in line with what you want most through your conscious action you expose yourself to opportunity. It's never a case of whether you have opportunities but rather are you noticing the opportunities.

Are you using the opportunities or are you procrastinating?

Those who succeed are rarely the people with the best opportunities. They are the people who saw an opportunity where no one else saw it, and then they took action to realize it.

Out of all the negative effects of procrastination and indecision, the failure to spot and act on opportunity is probably the saddest. So many people with so much talent fail to live up to their true potential because of procrastination. The rewards you reap from life will be either a direct or an indirect result of your actions or your inaction.

As the famous entrepreneur and businessman Victor Kiam once said, "Procrastination is opportunity's assassin."



Over the past 5 years, Salim Ismail, Michael S. Malone, and Yuri Van Geest have been rigorously researching what are the essential attributes that will lead to exponential growth and massive profitability.
 
What they came up with was the following 11 Attributes:
  • Massive Transformative Purpose
  • Staff On Demand
  • Community & Crowd
  • Algorithms
  • Leveraged Assets
  • Engagement
  • Interfaces
  • Dashboards
  • Experimentation
  • Autonomy
  • Social Technologies





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