Procrastination and the Business Owner

I often address the topic of Financial Messes and Procrastination. The subject is deep and wide. It seems that almost every day I meet a client who is dealing with one or both issues.

I recently met a successful business owner who asked: “Where were you 20 years ago?” He is in his mid 60’s and has yet to develop a succession plan or a retirement plan. He is definitely in trouble.

I am certain there was someone like me 20-30 years ago that made suggestions that he failed to heed. It probably seemed that there was an infinite amount of time to put those suggestions into a workable plan. But, time does fly by when we are busy doing something else.

My advice to this person was to get busy and accept the fact that this is job #1! Until it gets resolved, other challenges should not be accepted. He agreed, reluctantly, to get started.

It would have been smarter and less of a financial inconvenience to have started at a younger age. Procrastination, it seems, is similar to the Ostrich putting his head in the sand.