“Procrastination is opportunity’s assassin.” – Victor Kiam
“Procrastination is like a credit card: it’s a lot of fun until you get the bill.” – Christopher Parker
We are all guilty of putting things off. A lack of resources or time makes us reassess why we even have to do something, let alone do it on time.
But let’s face it: as the quotes above have said, procrastinating is as much an adversary to your business as a lack of cash flow or your biggest competitor. You need to face up to this challenger as you would any crisis you encounter in your business.
So, what if I put things off? Or miss a deadline? So what? Well, procrastination is bad for your business because it can:
- Cause you to miss opportunities.
- Ruin customer relationships.
- Damage your reputation.
- Harm your health.
- Keep you from reaching your goals.
From a financial perspective, putting things off—like paying taxes or doing payroll or collecting past due invoices – has a very real impact to your company’s bottom line. You can combat procrastination by:
- Writing down your goals then doing them.
- Knowing your priorities.
- Maintaining a strong focus.
For more on how to get things done now and not put them off any longer, call or write to us. TFO Solutions is dedicated to helping entrepreneurs and business owners with their financial strategy from the back office to the boardroom.
**photos courtesy of Unsplash (Magnet.me and Brett Jordan. photographers)