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2011年5月28日 星期六

Analysis Paralysis - The Enemy of Your Success


You have probably heard of this phrase before. What is it and do you have it?

In my opinion Analysis Paralysis is the biggest enemy of the poor and the major obstacle to actually making money online or off. There are other big obstacles like excuses or lack of education, but these fall far behind Analysis Paralysis. This one "disease" affects a lot of people and most likely you are infected with it, too.

What is Analysis Paralysis?

Analysis Paralysis is the condition of over-thinking a course of action to the point you actually never take action. It's when you try to think of all of the reasons you might fail, and allow those reasons to paralyze you from taking positive action. You actually over-analyze to the point where succeeding is overshadowed by these negative thoughts.

Properly thinking about and preparing for possible pitfalls BEFORE taking action is a good thing. It is always good to think about the costs and the risks of a course of action before you act so as to minimize those costs. As I said, this is a good thing.

However, what most people do, even when they are given detailed, step-by-step instructions, is over-think and over-analyze the goal they are trying to reach and they become overwhelmed by the weight of just thinking about it. After so much thought, they just give up and never take action towards their goal.

What I have discovered in business and in other important matters of life is that some things can't be learned by just thinking about it. A lot of learning comes by actually doing it.

For example, if a young boy wants to become a professional quarterback when he is older, he could study or go to a science class and learn about the physics of velocity, trajectory, lift and gravity in order to throw the perfect football pass. He may even get a high grade on his physics exam. But this way of learning can only take him so far. Somewhere along the line he has to get on that football field and actually throw the ball to learn how to throw the perfect pass.

"There's learning by theory but there is a greater learning by doing."

What Analysis Paralysis does is have that young boy sitting on the sidelines of the football field, watching the other boys playing the game while he sits there and THINKS about the physics of the football rather than actually PLAYING the game.

That's not fun at all!

If you want to make money online, you have to get into the game. You have to take action and sometimes with action there comes failure. But as someone famous said long ago, "failure is a good teacher."

And if you learn (by taking action) you will succeed.

So don't let Analysis Paralysis rob you of your dreams. You can succeed in life. You can reach the goals you set for yourself. You can make the money you want to make if you take action doing the right thing today.








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2011年5月19日 星期四

Seeing the Success of PEST Analysis Through PEST Real-Life Examples


There are many variations of the PEST analysis including PESTLE, STEP, STEEPLE, PESTEL and STEEPLED. However, no matter which variation you use, the main goal here is to make an observation about the external environmental factors that you cannot control. There are many forms of assessment schemes that have been introduced but normally they only keep track of the inside elements that are related to your business. Some would just take a look at the behavior of your customers as opposed to the PEST analysis which takes on different areas namely politics, economics, social and technology. PEST is applied on businesses and is usually a part of business planning strategy. PEST real-life examples can aid you in understanding how you can use this form of evaluation to your own company.

PEST guides can be very helpful especially those that contain PEST analysis users stories. Such stories can assist beginners in determining the right method for them to utilize the said system of assessment. Most organizations fail to realize that the financial records are not the only reports that they should use in order to find out how they are performing. In addition to the performance of the employees and the efficiency of the processes, there is a need to take a look outside of the business. This is what PEST analysis is all about since it takes on the political, economical, social and technological factors that might bring your organization to success or to failure.

The PEST real-life examples enable the company to link itself to the samples given. This way, it will be easier for the managers or the CEOs to scan their environment using the PEST analysis. Being able to utilize PEST effectively can aid in making more informed decisions. We all know that the firms today are dealing with constant and sometimes extreme changes. This is why one has to detect the opportunities and make the most out of them while eliminating the threats or minimizing their harmful effects.

With the aid of the PEST real-life examples, you can gain knowledge about how you should employ the said scheme into your business. You will learn why there are some that do not succeed in using PEST and also discover how others are able to fully adopt the method of assessment into their business. In this case, you will learn the best practices and be able to apply them into your company. In line with this, you can avoid the incorrect ways in executing the PEST analysis, which can eventually lead you into gaining advantage against your competitions.

The PEST real-life examples are the most ideal guide especially for the beginners because they will know the common and accepted frameworks, the external factors that they should be aware of, the PEST analysis cycle, the correct application of the evaluation process and the impact of such type of analysis after businesspeople have executed this perfectly into their organization. What you may not know about this is that PEST analysis is not only meant for commercial or non-profit companies. This can also be a part of personal development planning so that you can make the right decisions for your future to be what you intend to it to become.








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