Long term thinking is killing your business success. After looking at all the ways that short-term thinking sucks the life out of your everyday, I want to hone in and focus on how this affects your business. It’s time to look at how short-term thinking is good for increased business success.
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Find Increased Business Success in Short Term Thinking
If you focus on anything in your life with a future mindset – the kind of mindset that goes hand in hand with long term thinking – you end up losing. And you end up losing a lot more than you might realize.
When you concentrate so hard on the long term that you can’t see the short term, this can have serious implications on your health, the relationships you care about and your freedom to have fun.
When you choose long term thinking over short term, you’re setting yourself up for future regrets. Another problem with people who lean toward long term thinking is that they can focus so hard on the future that they give up doing what’s good for them.
While people who have a deep drive to succeed often do well because they won’t let anything stand in their way, they pay a heavy price for that success. This price is often paid in the form of ill health, insomnia from the stress of worrying about what has to get done, a poor diet and weight gain.
This all or nothing mindset pushes them forward but is slowly eroding the foundation that they’re standing on, quietly, subtly and in the end, it won’t have been worth it. When you want something, there can be a tendency to go all out – to push yourself in ways that you wouldn’t normally have done.
Long term thinking can cause this inner call within a person to do whatever it takes – to work hours beyond what’s normal, to give a seventy or eighty hour workweek or to skimp on meeting even their basic needs.
And what’s so sad about that is that with just a few simple changes, you don’t have to give up long term thinking in order to succeed. You just have to balance it with short term thinking.
When you do that, you won’t carry the same heavy stress burden that you’ve been carrying. You’ll feel better and you won’t be giving up your health. Plus, you’ll end up getting more done.
You do this by learning to
tell yourself no.
And by not eliminating those things that are good for you: healthy eating, getting enough rest, and exercising. You might feel like you’d get more done if you just focused on the long term thinking and pushing ahead, but you don’t.
Your body and mind can’t handle a nose to the grindstone life for long. You have to take care of yourself and put what you need in the present over what you stand to gain in the future. Otherwise, you might not even reach the future.
Let Your Short Term Thinking Work Alongside Your Long Term Plans
It doesn’t have to be an either or, because short term thinking and long term thinking can both be helpful. It’s only when you replace one with the other that it can cause problems for you.
There are things that you can do to make sure that you’re living the healthiest, fullest life you can live while you strive to fulfill your long term plans. Set a time limit for the amount of time that you’re going to work toward your plans.
Instead of working seventy and eighty hours a week to and thinking you’ll find increased business success, cut back to an amount of hours that gives you time to enjoy the here and now. Every time an opportunity to further your long term plans presents itself, take some time to consider if this will lend well to your increased business success goals.
If it’s something that will cause you to fall right back into the same old routine of neglecting certain areas of your life, then it’s not a good opportunity for you. Take stock of what’s currently going on in your life as far as wanting to reach your long term plans.
The first thing that you need to do is to check to see if you’re happy. Be honest with yourself. If you’re giving up sleep, you’re feeling stressed and you’re working more than you should, then you’re probably not very happy.
Being motivated doesn’t equal happiness. Being motivated is simply what drives you to do what you do. And this motivation can be driven by wanting a good thing. For example, many people work longer hours than they should because they want their loved ones to have things that they didn’t have.
But if you ask those who care about you, they’d much rather have time with you than the things you’re working too hard to give them. Set up limiting parameters. When you’re working toward an end goal based on your long term thinking plan, rate that end goal on a scale of one to ten for today.
How many things are you going to have to give up – eating, sleeping, entertainment, family time? How many friends will you have to stop spending time with?
Remember that your long term thinking plan was probably created by you – so that you could obtain the happiness that you seek.
You should be happy in the meantime while you’re working toward your long term plan.
Short Term Thinking Is Especially Helpful in Business Decisions
What most entrepreneurs practice is the art of long term thinking. They make goals that are weeks, months, and even years in the future. They have business plans, financial plans, and plenty of ideas about what’s going to happen when their plans become reality.
But this long term thinking can cause a short-sightedness that causes them to miss great opportunities that they could currently grab. Here’s why that happens.
What many businessmen and women do is they set up their long term goals. They polish up a business plan, they get their finances completely in order and then they open up for business.
Yet, the Internet is filled with businesses that are extremely successful that didn’t follow that kind of long term thinking. Instead, these businesses latched onto success thanks to short term thinking.
Instead of waiting until everything was lined up just right, until their long term goals were reached, they closed their eyes and jumped. By jumping, they found their way to where they wanted to be.
This is the kind of mindset that can help you build anything you want out of life. When a business is built around long term plans, the short term can often sustain plans, such as someone who’s building a real estate empire and discovers home values plummeted.
Short term thinking allows you to go with the flow of changes like these and find the needle in the haystack, the good that can out of things that go wrong, disrupted plans.
Short term thinking makes a way,
while long term thinking is often waiting for a door to open.
Rather than looking at the big picture, concentrate on short term steps that give you the future that you want. For example, instead of planning to build a huge collection of websites for products “someday,” start right now and build one.
Want to know the steps?
- Make a general long term plan.
- Think about what you can do in the short term (TODAY!) to work toward that long term plan.
- Be flexible and adjust as needed.
Instead of looking at all that you don’t have to start up your future business – such as capital – look at what you do have – the intelligence to run a business on a budget until you can afford to do more. It’s often the smallest investments that turn into the biggest money making ventures.
Take a look at your current way of planning your life goals.
Make sure that you have a healthy mix of long-term plans and short-term activities.
Don’t be afraid to embrace changes if you want something different.