Over cautiousness is one of the biggest reasons why many people do not succeed in their careers, business or finances.
Over cautiousness (also referred to as analysis paralysis) is a form of fear. It stems from the inability to take action. Many people turn their back on brilliant opportunities, simply because they are disproportionately focused on the potential downside than the potential upside.
So many aspiring entrepreneurs and investors come across the right idea, the right opportunity, the right plan and everything needed to start, but they never take action.
They are waiting for the perfect economy; the perfect trend and the perfect time.
The serial response of an over cautious person is - "Hopefully next year, the timing isn't right right now".
Of course, the person who makes these remarks is totally oblivious of their ongoing inability to decide and commit.
They want all lights to go green before they leap.
The sad news is that in business, investing and in life, ALL LIGHTS NEVER GO GREEN.
Successful people including successful investors and entrepreneurs are known to start with what they have at hand, and course correct along the way.
They understand what makes a decision a great decision is not only what you do at the front end of the decision but how you manage that decision at the back end of that decision.
Hence, they refuse to spend all their time on due diligence alone to get the decision right. They understand that what they do AFTER the decision is made is as important as what they do BEFORE the decision is made.
Many people do not realize that 'over cautiousness' is the brain child of fear. It is a mental disease of procrastination, and the longer one stays in a state of immobility, the harder it becomes to take action.
Inability to make decisions leads to self doubt and second questioning, which eventually erodes away a person's personal confidence.
An over cautious person is basically someone who is afraid of failure.
Unfortunately, no one plays a game with fear and wins.
“He, who insists on seeing with perfect clearness before he decides, never decided.” – Henry Frederic Amiel