Connect with us

Success Advice

How to Overcome Entrepreneur “Shiny Object Syndrome” In 4 Simple Steps

Published

on

Entrepreneur Ideas

In Alice in Wonderland, Alice tells the Queen, “One can’t believe impossible things” and the Queen confidently replies, “I daresay you haven’t had much practice. When I was younger, I always did it for half an hour a day. Why, sometimes I’ve believed as many as six impossible things before breakfast.”

Without a doubt, the Queen must be an entrepreneur.

Entrepreneurs are like idea machines. Churning out ideas like candy coming from the Willy Wonka factory. We are creators. Innovators. But there’s a problem that most entrepreneurs face somewhere down the line—having too many ideas.

At first, it seems like having a constant influx of great ideas isn’t a terrible thing, but when you have tons of new ideas flooding into your brain day after day, you can run into two problems:

1. You become stalled. You never take action on any of your ideas because you don’t know how to get started or even what to start.

2. You get easily side-tracked. You’re always chasing the white rabbit. You start project after project and you’re always onto the next thing before you’ve even completed the first.

The latter is what I like to call “Entrepreneur Shiny Object Syndrome”—always chasing that next “shiny” idea. Many of the entrepreneurs that I know (including myself) suffer from this “disorder”. If you’re one of these people, sometimes having only 6 impossible ideas would feel like a relief.

The issue with having Shiny Object Syndrome is that you run the risk of not using your time wisely and not being able to operate your business efficiently. Since your time and energy is money (especially if you’re a solopreneur who’s in charge of everything), your business’s bottom line will undoubtedly suffer if you can’t stay focused.

As a business owner, you need to get really good, really fast, at effectively filtering through your fishing net of ideas and only selecting the right ones to work on.

Below is a helpful 4-step process that you can use to get a handle on this “disorder” and continue to stay on track and focused every time a new idea arises…

 

Step 1: Create a running list of all your ideas

Write down every business/marketing/blogging/etc idea that you have throughout the day by keeping a running list in a journal or on your Smartphone. When something new pops into your head, jot it down and then immediately go back to whatever you were doing.

Keep in mind that just because this certain idea magically occurred to you in the moment does not mean that…

1. It is top priority
2. It needs your full attention
3. It needs to be implemented straight away

When you write everything down, you can come back and build on an idea later without worrying about forgetting it. Try scheduling 30 minutes a day for “idea time” to think through some of your recent ideas. This way, you won’t get distracted from your current tasks, but you’ll still give the necessary attention to your innovative thoughts.

 

Step 2: Pause before you start anything

This is a lesson that I find myself having to learn over and over again. When you have a new idea, take a pause. Don’t execute it right away. It doesn’t matter if it’s a small idea like “I should send a Twitter message to so-and-so” or a big idea like “I need to do a complete overhaul on my business website”—both ideas can wait.

Decide on a specific delay time between your idea conception and execution. For example, every time a “big idea” for my business occurs to me, I let it sit and think about it for 7 days before giving myself permission to consider implementing it. If in 1 week, I’m still excited about the idea and certain that it will help my business, I will make a plan to execute it. If not, then the idea falls onto the backburner and I don’t have to worry about it.

Find delay times that work best for you and do your best to stick with them.

 

Step 3: View your new ideas through the lens of your long-term goal(s)

After you’ve written all your ideas down and given them a little space, it’s time to figure out if a specific idea is worth implementing.

To do this, you have to look at your new ideas through the lens of your long-term goals. With every idea, ask yourself the question: “Does this idea take me closer to reaching my ultimate business goals?” If it does, go for it. If it doesn’t, let it sit on your idea list a little longer.

Some ideas might need to stay on your business’s backburner until you get more important things accomplished. In the meantime, if something does seem urgent (maybe you really really hate your website design), try outsourcing the task and continue to spend your time working towards your ultimate goals.

 

Step 4: Don’t make crucial business decisions every day

If you attempt to make important decisions about the long-term objectives of your business on a daily basis, you run the risk of falling off track every time you have a new killer idea (or something bad happens like a revenue dip or you receive negative feedback). Instead of making these important decisions on the fly, have a 6-month or yearly plan that spells out the direction that you want to take your business.

Think about it this way—say, for instance, you want to drive away from Los Angeles and be on the road for 2 days. Well, you have two options:

1. You could choose which way to turn each time you encountered a stop light, on-ramp or fork in the road
2. You could choose your destination to be New York City in advance which would influence every directional decision you make along the way

With the first option, you could end up anywhere in the country, or even back where you started. When you make business decisions based on the specific circumstances that you face each day—this is unlikely to lead you to your final (desired) destination. With the second option, you will arrive at your destination in 1 day and 16 hours and find yourself exactly where you want to be.

Writing out the overall plans and ultimate goals for your business will help you stay steadfast and focused in the long-term.

In the end, in order to overcome Entrepreneur Shiny Object Syndrome, you should always be filtering your ideas through these 4 steps to keep yourself and your business moving towards your ultimate goals and on target for success.

Laurel Staples runs a popular blog & podcast called Go Fire Yourself that gives you the insider secrets to successfully escape your day job, grow your own business and live life on your terms. Connect with Laurel and download her free ebook: Income Switch: How to Replace Your 9-to-5 Income by Building a Profitable (& Unstoppable) Online Platform by visiting her website: www.gofireyourself.com

Advertisement
16 Comments

16 Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Success Advice

20 Ways You Can Become a Powerful Communicator

Published

on

Emile Steenveld Speaker and Coach

Some people seem to naturally know how to effectively communicate in a group setting. They can express themselves clearly and listen attentively without dominating the conversation.

Being a powerful communicator is important for several reasons, including building and maintaining relationships, achieving goals, resolving conflicts, improving productivity, leading and influencing others, advancing in your career, expressing yourself more confidently and authentically, and improving your mental and emotional well-being. Effective communication is an essential life skill that can benefit you in all aspects of your life.

But, don’t worry if you don’t naturally possess this skill, as effective communication is something that can be developed with practice, planning and preparation.
 

1.  Listen actively: Practice active listening by giving your full attention to the speaker and responding to what they are saying.

 

2. Use “I” statements: Speak from your own perspective and avoid placing blame or making accusations.

 

3. Avoid assumptions: Don’t make assumptions about what the other person is thinking or feeling.

 

4. Be clear: Express your thoughts and feelings clearly and concisely by getting to the point and avoid using jargon or overly complex language.

 

5. Show empathy: Show that you understand and care about the other person’s feelings.

 

6. Offer valuable insights: When speaking in a group, provide a valuable takeaway or actionable item that people can walk away with.

 

7. Be an active listener: Listen attentively and respond accordingly, incorporating your points into the conversation.

 

8. Choose the right time: Pick the most opportune time to speak to ensure that you have the group’s attention and can deliver your message without interruption.

 

9. Be the unifying voice: Step in and unify the group’s thoughts to calm down the discussion and insert your point effectively.

 

10. Keep responses concise: Keep responses short and to the point to show respect for others’ time.

 

11. Avoid unnecessary comments: Avoid commenting on everything and only speak when you have something important to say.

 

12. Cut the fluff: Avoid being long-winded and get straight to the point.

 

13. Prepare ahead of time: Sort out your points and practice them before speaking in a group.

 

14. Smile and be positive: Smile and nod along as others speak, to build a positive relationship and be respected when it’s your turn to speak.

 

15. Take responsibility: Take responsibility for your own actions and feelings.

 

16. Ask questions: Ask questions to clarify any confusion or misunderstandings.

 

17. Avoid interrupting: Allow the other person to finish speaking without interruption.

 

18. Practice active listening: Repeat what the other person said to ensure you have understood correctly.

 

19. Use your body language too: Use nonverbal cues such as eye contact, facial expressions, and body language to convey your message and build rapport.

 

20. Be aware of the tone of your voice: it should be calm and assertive, not aggressive or passive.

 

By keeping these tips in mind, you can improve your communication skills and become a more powerful communicator, which can help you build better relationships, achieve your goals, and lead a more fulfilling life.

I you want to learn how to become more confident in life then you can join my weekly mentorship calls and 40+ online workshops at AweBliss.com so you can master your life with more success.

 
Continue Reading

Success Advice

Dead Men Tell No Tales: How to Navigate a Mutiny as a Leader in 10 Steps

You’re the manager. You’re the supervisor. You’re the leader. But maybe your people don’t see it that way

Published

on

Image Credit: Unsplash

You’re the manager. You’re the supervisor. You’re the leader. But maybe your people don’t see it that way and perhaps that has created a divisive and adversarial working environment that makes it difficult for you to influence and inspire your team in a way that meets your vision. (more…)

Continue Reading

Success Advice

How to Think Like a CEO for Your Future Success

A blueprint for CEOs to draw a disciplined strategy

Published

on

Image Credit: Unsplash

Strategic thinking helps CEOs build successful businesses. It helps them establish everlasting enterprises. It is one of the key elements of decision-making. It is different from strategic leadership. It differentiates between leaders from managers.  (more…)

Continue Reading

Success Advice

How to Focus Your Mind on Your Goals in 2023 Constructively

In this world of distractions due to information overload, it has become a big challenge to focus our minds

Published

on

Image Credit: Unsplash

In this world of distractions due to information overload, it has become a big challenge to focus our minds on positive aspects and constructive activities. Sometimes we waste our precious time mentally and physically due to distractions arising out of technology. We must understand our priorities and learn how to focus on them religiously. (more…)

Continue Reading

Trending