Do It Now Or Regret Later

“Do not put off for tomorrow what you can do today,” so says the famous adage. Yet people all over the world are still victims of procrastination. Despite the presence of deadlines, people still do things at the last minute. What are the real causes of procrastination?

There are many causes of procrastination; but in this article; you’ll find the ones which plague humankind the most.

1) Fear Of Failure

One of the top three causes of procrastination is the fear of failure. When you feel that the task is simply too difficult or complex for you to take on, you tend to put it off.

Sometimes, you end up preparing too much for the task that you actually fail to finish the assignment itself. Other times, you keep yourself preoccupied with other activities, just so you don’t have to deal with the assignment right away.

2) Finding The Right Mood

When you’re an artist, finding the right mood is a big deal. But when you have a looming deadline, you don’t have time to get into the mood. You have to delve into the task assigned to you and let the mood follow in your footsteps. In other words, you just have to do it.

3) Underestimating The Time Required

Another one of the top causes of procrastination is thinking that you have all the time in the world to finish a project.

You might find yourself calculating that you only need an hour to write that essay. What you don’t include in your computation is the extra time you need when ideas don’t come pouring in or when your computer fizzes out.

Procrastination is a habit a lot of people have and will always have. However, knowing the top three causes of procrastination will surely help you deal with deadlines better and get ahead of others in life.

Data oriented to the past for early-warning-systems?

A working early-warning-system needs data which are not oriented to the past, like from cost accounting or year-/month-end-closeings. It needs data from so-called early indicators, which has to be gathered from different areas of an enterprise. Of course, figures from the finance and accounting department belong into an early-warning-system, but they only have a subordinated role, because they are oriented to the past.

Nowadays the reporting must show the present situation of a business. In many businesses the expenditure of time for the reporting rose considerably, due to the today's flood of information. Aggravatingly added to this, is the selection of the really relevant business ratios, which allow an appropriate overview of the actual business situation. Too often reports are prepared, which are not perceived by anybody, due to the lack of necessary statements about the business development.

There are already proven business-ratio-systems, that enterprises only need to take over. Get back into the car again, imagine you have only one instrument in front of you, which shows the value "35". What does this signify? It is not recognizable how many fuel exists, how the Temperature of the coolant is or how fast the car is driving, etc.

At this example you could recognize the little expressiveness of only one business ratio. It shows the importance to use the right business ratios, which must have a connection to each other and which have a different temporal origin. Nevertheless, many business ratio systems are mostly based on data which originate from the past.

This turns often to the problem, that immediate information are not available, to indicate the actual situation of a business. However, there is still the alternative, to reduce the period of the past. How would it be with one week instead of analysing business data every 4 weeks? This would lead to the fact that you could act a few weeks earlier, if something should run a little bit inclinedly.

Only very few data are needed to receive an informative evaluation. This again is comparably with a car. If you are driving with your car, you only receive a small, well-chosen number of information and nevertheless, have an actual picture of the situation. This is also possible for businesses, as well!

As a motorist we receive only one fraction of the data which is acquired by the system of the car, and just these fraction of information is enough for us to reach the desired destination. When traveling usually we are well prepared, but the principle of the preparations is often neglected in business operation. As it is with traveling, the final goal has to be clearly stated by the business management. This could be done by having planing data available. Only by target/actual comparison divergences of the commercial development will be recognized.

Unfortunately, many small businesses renounce to use plan data. Besides, it is not about, to cut plan data into the smallest pieces, but only to get a rough picture, what the business is going to achieve. It is absolutely possible to run a business on the basis of the figures from the previous year, however, to use these figures, the past commercial development should be taken into consideration. So the figures from the previous year should be improved to fit with the new goals. And finished are the planning data and the basis for an operational risk management are laid. Still if it is most important to know the actual bottlenecks in business operation.

Recognize problems and act!

One of the most important factors in business management is the early recognition of problems and potentials. There are bottlenecks in every business, which could have serious results. Pecuniary difficulties could lead to bankruptcy for example. Therefore symptoms must be recognized early, in order to turn a possible crisis away and to secure the future of your business. Also to use available potentials, regular analyses should be done. Nowadays products and services could not be sold forever, because product cycles become shorter and shorter due to market dynamism. The recognition and development of potentials is exceptionally important, to avoid losing the already achieved basis of a business.

Article Source: http://www.mycontentbuilder.com

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