Do Not Be In A Rush 🏃‍♂️‍➡️

These are notes to my former self. Discard them if they do not serve you well.

Do not be in a rush.

Do not be in a rush to buy trucks.

Do not be in a rush to grow revenue.

Do not be in a rush to hire employees.

Do not be in a rush to make a decision.

Do not be in a rush to invest in real estate.

Do not be in a rush to start another business.

When you feel pressure to go fast, slow down.

I have rarely made good decisions when I was in a rush.

Fast decisions often lead to mistakes.

You make mistakes since you haven't had time to analyze risks.

Take your time; think it through. Test, analyze, survey, and collect feedback.

You will make a better choice in the end.

People will criticize you for moving too fast. People will criticize you for moving too slow.

So if I had to choose between the two, I would move slow. Taking time to move allows for a greater chance of making the right decision. 

The number one indicator of being in a rush for small business owners?

Debt. Taking on loans is an indicator that we want to speed success up.

Am I against loans? No. I have used debt to grow.

Was I in a hurry? Yes.

Did I make bad decisions because of this added pressure? You bet.

Your risk is much lower without debt. Living debt-free lets you move at your own pace. You can make mistakes and explore new ideas.

BIG DISCLAIMER:

1.) Moving with decisive action can be necessary. Some decisions are time-sensitive.

2.) Taking risks can be necessary. Fortune favors the bold.

PS - Most decisions are not time-sensitive. Some people push you to act fast. Deprioritize any task that comes from a person who mislabels items as "critical" or "important."" This person is radioactive.

PSS - This video was a result of learning these lessons 

-Mike