Posted by: Marty Fahncke | December 3, 2007

Planning vs. Doing

Recently, I did a Teleseminar with Matthias Schmelz, author of the book “The MillionaireMaker”.

In looking over the transcript for the event, I found one section in particular that really got me thinking. The following quote is directly from Matthias, reading from his book:

We encourage you with all our hearts to begin your journey to greater levels of fulfillment and productivity now. Ninety-nine percent of all good ideas are never implemented. Why? Because of the desire to prepare too much. Over preparation means procrastination. If you have a great idea but you insist on reading, planning or researching everything under the sun before you make a move, your inaction is really a mask for laziness or lack of guts. How many times have you said, “I’m not ready yet,” “I’m not prepared to do this,” “Let me think about this” or “I need to know more before I begin”? While some preparation is healthy, too much preparation wastes precious time that you need for doing.

Winners act. They think on their feet. They make big mistakes and learn from them as they go along. They are always building, growing, and adjusting. The alternative is what’s called, paralysis by analysis. Wait too long and someone will get there before you do. How many times have you had an idea and while you were still thinking about the how, where and when, somebody else simply did it? It will happen again and again, as long as you keep hesitating, delaying, and preparing too much.

Good ideas seem to be in the air. Many of the best inventions were made in different countries by different people, independently from each other, but at the same time. You can almost be sure, that as soon as you have a good idea, somebody else has also had it, and will implement it very soon. If you want to win, you need to put your plans into practice first. There will be only two kinds of companies in the future: the fast ones and the dead ones. Even in your personal life, an excess of preparation can deprive you of the most beautiful things and prevent you from getting what you really want.

Dating, for example, requires courage, quick action, and the ability to adapt. How many times do men look at a beautiful girl, and while they’re still trying to figure out what to do and what to say, somebody else approaches her and takes her away. Prepare briefly and wisely, then act swiftly. Learning by doing is better than preparing by waiting. Circumstances could always be better, but they will never be perfect.

So whenever you feel that something should be done, ask yourself these three questions:

Who, if not you?

Where, if not here?

When, if not now?

I can’t tell you how many great ideas I’ve had that I never executed on. It’s embarrassing!

When I look around, I see a lot of other people doing the same thing. Researching, studying, trying to figure out the best way to start a business, launch a product, or generate income. So many of these people are locked in the PLANNING stage, they never actually get to the DOING stage.

If that’s you, join me in an early New Years Resolution to start executing more of your ideas RIGHT NOW!

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