Failure is a natural part in the process of achieving success. However, many people get so wrapped up in overplanning and overthinking as a means of avoiding defeat that they deter themselves even more so. Steve Sims, author of BLUEFISHING, explains how failure is just more discovery and rejection is simply another opportunity to learn from your mistakes.
I’m a great believer that you should get out there and try things.
There are a lot of people who will overthink rather than overdo. Too many people out there think that to do something, they have to analyze the strategy, the costs, the projections. What they tend to do is build up an analytical report on 20,000 smart reasons why everything is going to fail, rather than one glistening reason why it’s going to work.
Have you ever sat down on a Monday morning to plan your week? You get it all organized, day to day, hour to hour, and your to-do list is a work of art. After that, you’re feeling so good about how on top of things you are that you head out for lunch, maybe you call a friend for a chat, then come back and pull up your list to start your day. That’s when you glance at the clock and it’s almost time to head out to get the kids or run to a meeting. You haven’t gotten a single thing done. Where did your day go? You killed it by overplanning it and overthinking it.
Or take the usual story of a startup founder who needed to raise a round of financing. He researched one hundred investors in his area who might be interested in his space. Then he looked up all the other companies they had invested in. Then he gathered a list of those founders and their LinkedIn profiles and researched every last one of them. Then he created a pitch deck for each of those founders and went to lunch with many of them, thinking that if he could get them to introduce him onward, he would have a warmer intro to the investors he wanted to meet. He made a list of all the questions he thought each of his target investors would ask him and what their objections might be. You know what happened? By the time he had perfected his approach to investors, his company was nearly out of money, a competitor launched, and his employees, panicked, started to leave the company. He went out of business before he even pitched a single investor.
He was so afraid of getting rejected by investors that he overanalyzed and overprepared. He did nothing, and that was his undoing.
Learn more about how to overcome failure by picking up a copy of BLUEFISHING by Steve Sims.
Also from Tips on Life & Love: The Importance of Dreaming Big
Excerpted from Bluefishing by Steve Sims. Copyright © 2017 by the author. Used by permission of the publisher. All rights reserved.