“Procrastination is a thief of time, collar him.” ~Charles Dickens
Sometimes, we all experience the urge of saving and activity we’re supposed to perform for the next day. Much as this habit may seem normal to many people out there, it’s a huge limiting factor to progress. The famous Spanish painter, Pablo Picasso was once quoted saying;. “Only put off untill tomorrow what you’re willing to die having left undone.”
Such sayings and more go deep into elaborating just how detrimental the habit of procrastination can be. The following are five reasons why procrastination is bad for business:
Doubtful reputation Nobody likes to associate or do business with a company that doesn’t timely deliver on its promises and has a bad reputation. Through habitual procrastination, a business owner or company executives ruin the reputation of the company they work for hence losing the trust of customers who’ll see the company as unreliable. Such occurrances often led to losses for the company.
Loss of opportunities Clearly, delaying or postponing company activities for later dates leaves the company or business ill prepared for any lucrative opportunities that may arise in the future and hence missing out. In business, departments such as R&D, marketing, sales among others should always be ahead of time in accessing and predicting future market situations so as to position the company strategically for the future.
Poor decision making Procrastination often results into making of poor business decisions by business leaders especially when situations become tight. This is common because time that’d have been used to discuss and assess options would have already been wasted leading to production of mediocre products or services which is unhealthy for business.
Loss of time In his famous quote, Benjamin Franklin, the founding father of the United States of America said, “you may delay, but time will not.” Alot of valuable time which could have be used to do productive work often gets wasted in acts of procrastination. This makes the habit an enemy of business.
Failure to meet organizational goals It is literally impossible to meet and achieve organizational goals when procrastination is in play in an organization. By delaying or postponing any process of production, the whole supply chain is affected and by that alone, businesses might not be able to achieve their sales targets among others leading to losses!
Procrastination is an evil that has ruined many good things. Only doing what you’re supposed to do now gives you the edge over it. Do it now!
Money plan 