Every day that you don’t make significant progress towards your business goals, you leave money on the table.
Psychologist Barry Schwartz coined the phrase “Paradox of Choice” to describe his consistent findings that, while increased choice allows us to achieve objectively better results, it also leads to greater anxiety, indecision, paralysis, and dissatisfaction.
Rather than empowering us to make better choices, our virtually unlimited access to information often leads to greater fear of making the wrong decision. This can lead to spinning our wheels in a seemingly inescapable purgatory of analysis paralysis.
Don’t believe overthinking prevents you from taking action? Overthinking can actually lower your performance on mentally-demanding tasks. It can kill your creative thinking ability by allowing yourself to focus too much on the what if and not the what could be.