Too many opportunities have been missed or lost due to indecision or overdue decisions.
The One That Got Away (TOTGA) – Yes, he or she is a prime example of what we regret when we’ve dilly-dallied with decisions.
You may know one who missed landing a position in a good company or losing a slot in a top university because they first would like to explore all opportunities out there. The problem is it’s not just them on the prowl, searching and wanting the best job or the best school.
Yahoo! nowadays isn’t as great as it was decades back. Search and email were dominated by them. Here are some opportunities they missed and thus, have left them in the dust: Facebook and Google.
On the negative, it took many weeks before many national governments took the Covid-19 seriously.
Many has this excuse: they need time to study everything well first. Unbeknownst to some, they maybe already going through what is known as Analysis Paralysis.
Investopedia defines it as: “Analysis paralysis refers to a situation in which an individual or group is unable to move forward with a decision as a result of overanalyzing data or overthinking a problem. Analysis paralysis can occur with many investment decisions, such as buying or selling securities. The inaction it causes can easily lead to losses in a portfolio or missed chances at larger profits.”
As for home searches, as this is a big investment and affects one’s life through years and even generations, iIt has to be well though-out. It has to be located in most accessible place. The quality needs to be according to established standards, at the very least. It has to be something you can afford to pay, while living a comfortable and enjoyable life. It is also good to consult with a friend or your trusted broker. They’ve seen many products before, and can share some wisdom. Balance the advice with your own findings and judgment, considering hints on probable biases. Give yourself a deadline though for that decision to be made. Else you’d lose that particular house, in that particular lot and block location, at the promo price or such.
Decisions, indeed, has to be the best ones; but time is also of the essence. We live in a world that revolves, with many competing for scarce resources. As Mr. Geneen says, “Better a good decision quickly than the best decision to late.”