The High Price of Saying "Tomorrow"

Welcome to the 10 Minute MBA, I'm your host, Scott Clary. On the 10 Minute MBA, I give you tools, tactics, strategies, and insights that you can use to start, scale, grow, and 10x your business. If you want to listen to the 10 Minute MBA, you can go to 10minambia.com or you can read the 10 Minute MBA via daily newsletter at newsletter.tenminambia.com. Let's get into it. Today I want to talk about the high price of saying tomorrow. I think the procrastination is much more sinister than we give it credit for. I think we often trick ourselves into thinking the procrastination is free, but it's not. Because if you procrastinate today, you'll wake up tomorrow as a same person, but with less time or stress and fewer options. That's the price you pay for putting things off. I call it the procrastination tax. It's a loan shark that charges compound interest on your future self. So today I want to cover why delaying tasks today sets you up for stress tomorrow. This sneaky surprise reasons you procrastinate and how they trap you. The lies you tell yourself to justify the delay and why that's dangerous and how procrastination secretly damages your reputation and success. And I know this sounds very doom and gloom, so don't worry at the end. I'm going to give you some simple strategies to break the procrastination cycle and reclaim your future. But first, let's start by looking at what happens when you say tomorrow because every decision you make about how you spend your time as a cost. When you scroll through social media for just a few minutes, you don't just kill time. You sacrifice something else, something far more important. Maybe it's that client pitch you've been meaning to work on or that marketing strategy that could take your business to the next level. Think about it. Every hour you spend on distraction is an hour you don't spend on your business on your life. That's the real cost. You can't do both. If you spend your time on one thing, you are for going something else. If you decide to focus on social media, your business tasks, your life tasks will wait, but they won't disappear. They'll pile up. And before you know it, you're buried didn't respond to emails today. They'll still be there tomorrow along with all the new emails. You just made tomorrow's workload heavier because now you're playing catch up. Delaying tasks isn't just a one time issue. It creates this vicious cycle. Today's delays lead to tomorrow's stress, which leads to missed deadlines, which leads to even more stress. It's a snowball effect that can turn a manageable workload into a nightmare. Another example. You keep postponing writing that content. It's on your to-do list, but other things keep coming up. Eventually, the deadline is right around the corner. Instead of thoughtfully writing your content piece, you now rush to get something anything out the door and that anything will most likely be a low quality post or newsletter that doesn't do justice to your brand or your expertise. Recrastination doesn't just cost you time, it costs you quality, it costs you reputation, it costs you peace of mind. When you procrastinate, you constantly choose between what's easy now and what's important later. But those important tasks don't just vanish. They hang around, getting more urgent, more stressful, more overwhelming. So let's look at the real reasons you actually procrastinate. It's not just about being lazier to organize, it's deeper and more insidious than that. So I want to take a deeper look into the mind to understand why we even procrastinate in the first place. The first reason is fear. Let's say you have an incredible idea for a new product or service, but the thought of it flopping keeps you from moving forward. So instead of launching, you tweak, you revise, you stall, this isn't just hesitation, it's procrastination rooted in fear. And the fear of failure is destructive. You might think it's safer to do nothing than to risk failure, but it's a false sense of security. Because while you might avoid failure, you also avoid success. So by not trying, you automatically fail. This psychologist Pierce Steele at the University of Calgary found that low self-efficacy or the lack of confidence in your abilities leads to procrastination. When you don't believe in your success, you're far more likely to procrastinate. The second reason, boredom. When a task feels tedious or pointless. It's easy to push it to the bottom of your to-do list. You might tell yourself it's not urgent, you'll get to it later. But let's be honest, that's just an excuse. If something is boring, it's probably not connected to your core goals or values. And when your heart's not in it, it's hard to find motivation to get it done. This is linked to the concept called low task value. When a task doesn't seem valuable, you're going to do anything to avoid it. The third reason is overwhelmed. Have you ever felt completely paralyzed when faced with a massive project? Maybe it's launching a new website or creating a business plan or writing that book that you've been telling everyone about for months. The sheer size of a task can make you freeze up. It's like standing at the base of a mountain, looking up at the peak and thinking, there's no way I can climb that. This is common. This is the major reason why people procrastinate. But that mountain isn't going to climb itself. And the longer you stand there, the bigger and scarier the prospect of climbing it gets. And that's when you start to engage in the many lies that justify the procrastination. You convince yourself that tomorrow will be different, that you'll be more motivated, that waiting will somehow make the task easier. But these are just stories you tell yourself to feel better in the moment. Here are some common excuses that people claim to. Maybe you're going to recognize some of these. I'll feel motivated tomorrow. Motivation is fickle. Waiting for it is a trap. It rarely shows up when you need it most. Psychiatrist Dr. David Burns has covered how starting now, no matter how unmotivated you feel, can create the motivation you're waiting for. Action breeds motivation, not the other way around. You may have heard this. I need more information before I start. This is classic procrastination. You tell yourself you need to do more research, gather more data, or just think about it longer. But here's the thing. You'll never have all the information. Perfect conditions don't exist. Start with what you have and learn as you go. Progress is better than perfection. The third excuse you might tell yourself is I work better under pressure. Or do you just tell yourself that because you're used to this adrenaline rush of last minute panic? Sure, some people claim they thrive under pressure, but working this way often leads to stress and mistakes. Take it from the director of Carleton College's Procrastination Research Group, Dr. Tim Cycle. In experimental studies, we find that people working under pressure make more errors of a mission and commission. So we'd like to believe that we work under pressure, but what it really is is that we only work under pressure. Quality comes from consistency, not chaos. You might also tell yourself I don't have time right now, but if not now, when, tomorrow, next week, the truth is you'll have even less time tomorrow if you keep putting things off. Time doesn't magically appear, but it does disappear. Saying you don't have time just means it's not a priority for you. Start with small steps today, even if it's just five minutes. Small steps always lead to big progress. You could also tell yourself I'm making a plan. Writing a detail to do list can feel incredibly productive. You're organizing your tasks and you're planning your day and it feels like work, right? But if we're honest, it's often just another form of delay. If you never actually start on those tasks, the list is just a distraction. It's a way to fool yourself into thinking you're being productive when you're really just stalling. Here's a great quote from the CEO of Elements Behavior Health, Dr. David Sack, at some point, unless we are content to end our lives with nothing more than good intentions, we have to stop planning and start doing. So don't just make a plan and act it. Otherwise you'll end up paying the true cost of procrastination. Because procrastination is this vicious cycle that compounds over time. You think you're just putting something off for a little while, but in reality, you're borrowing time from your future self and the interest on that loan is steep. There are both short term and long term payments. Let's look at them. Short term, you're going to get stressed. Imagine you got a big presentation coming up. Instead of preparing early, you put it off as a deadline looms, the pressure mounts, and it turns into a last minute frenzy. Short term, you're going to lose momentum. When you procrastinate on a project, you lose initial excitement and drive. The energy you had at the start fizzles out, which makes it harder to pick up where you left off. You also start to miss out on opportunities. So let's say you want to reach out to a potential client or a potential partner, but you keep putting it off. By the time you finally get around to it, someone else has swooped in, takes that opportunity, and you do damage your reputation. If you constantly delay responding to clients or pushing deadlines, word gets around. You start to be seen as unreliable, and that perception is really hard to shake. And then you start to see some very meaningful long term repercussions. Your career starts to suffer. Because every time you put off learning a new skill, you fall behind. When you stay stagnant, you miss out on promotions, you miss out on the chance to grow your business. And your relationship suffer, avoiding tough conversations with your partner, because it feels uncomfortable can lead to unresolved issues and growing emotional distance. And then your finances start to take a hit, delaying paying bills, that can spiral out of control quickly. It's not just about the late fees you have to pay, but also poor credit scores. If you fail to pay completely collections, lawsuits, whatever it is, things can stack up. And the ultimate long term repercussion is your health, mental and physical. If you keep pushing your urgent and important tasks, work tasks, life tasks to the next day, the next week, your health will deteriorate. You're not going to find time to do the things that you need to do to take care of yourself. You're going to push off doctor's appointments, dentist appointments. You're going to start ordering take-up, because you don't have time to cook good food. You're going to skip the gym. All of this in the next 24 to 48 hours seems harmless. But if you do it enough times, you risk losing the most valuable asset you have, your body, your health, your wellness, all of this is bad news. So how do we avoid all of this? We have to learn how to finally stop procrastinating. You don't have to find more willpower. You just have to get smart with your routine and your time. Here's how to tackle procrastination head on and reclaim control of your life, your happiness and your productivity. First, acknowledge and identify. You have to admit it. You're procrastinating. But don't just stop there. Ask yourself, why am I delaying this task? Is it because I'm overwhelmed? Am I afraid of failing? Or maybe it just feels boring and unimportant? Identify the root cause because you can't fix what you don't understand. Secondly, you got a zero in on your goals. Remember, reason number two, why people procrastinate, they get bored. And that's the exact moment you should mind yourself, why completing the task is important. Maybe it's about escaping the rat race. Maybe it's about building your business. Maybe it's about providing for your family. Whatever it is, link your daily task to the bigger picture. When your work feels meaningful, procrastination loses its grip. Also you should break your goals into small tasks. Big and ambitious goals, trigger procrastination, reason number one, and number three, fear and overwhelm. Break your goals down into bite size pieces, or as a famous psychologist, Dr. Jordan Peterson puts it, the larger vision should be divided into smaller objectives. I guarantee that scheduling tasks and creating routines will help you achieve even your toughest goals. When you accomplish a small task, your brain gets a hit of dopamine. That not only makes you happier, but it also motivates you to take on the next task. If a 5,000 word report feels daunting, start with a 500 word outline. Putting pen to paper or fingers to keyboard will give you the momentum you need to keep going. Every task, no matter how daunting, can be tackled one step at a time. Small wins lead to big victories. The next thing you should always do is eliminate all distractions. Distractions are your worst enemy and they're everywhere on your phone, in your inbox, even in your workspace. So to stay focused, turn off notifications on your phone. Those pings pull you away from what matters. Set a specific time for checking emails. Don't let your inbox dictate your day. Work in a clutter free space. A messy environment equals a messy mind. And if you want to go all in, then consider monk mode, where you shut off and laser focus on what matters. My favorite idea around laser focus is something called single handling. Because you know what multitasking is and multitasking really is a form of procrastination. You trick yourself into believing that you're working on multiple tasks at the same time, but you're just doing them all badly. Instead, try single handling. Personal development author Steve Pavlina says, a lot of time lost in task switching is because you have to reload the context for each new task. Single handling minimizes time lost in task switching. Focus on one task, complete it fully, then move on to the next. Another strategy that works is to make it a habit. Success doesn't come from single epic moments like in the movies. In the real world, it comes from small, consistent actions. Once you're how to get started, read some books, Atomic Habits by James Clear, better than before by Gretchen Ruben, The Power of Habit by Charles DuHig, Create Daily Routines with dedicated time for your essential tasks. Make them non-negotiable, like brushing your teeth or drinking your morning coffee. And lastly, plan to fail. You won't be perfect every day. You'll have moments of weakness, slip ups, setbacks, and that's okay. Don't beat yourself up. I just mentioned James Clear, here's his take on this. If you realize that individual failures have little impact on your long term success, then you can more easily rebound from failures and setbacks. Being consistent is not the same as being perfect. Life happens. And sometimes you'll need to adjust your plans. The key is to get back on track without guilt or frustration. Remember, every time you say tomorrow, you're paying the procrastination tax. Attacks, the robes you have opportunities and piles on stress. The cost is the life you could have lived. Here's a good news. You can start reversing the tax right now. Start small, but start today. The best time to act was yesterday, the second best time is now. Here's what I want you to remember. The procrastination is a thief. It robs you of time, opportunities, and peace of mind. It's fueled by fear, boredom, and overwhelm, cut off its air supply. Excuses are just lies. Waiting for motivation or the perfect time is a trap. An action breeds success. Start small, break tasks into steps, and keep moving forward. Don't let procrastination steal any more of your future. Your future self will thank you for choosing actions over delay. That's it for today. I hope you enjoyed. I hope you got some value out of that. Make sure you come back tomorrow for another business lesson on the 10 Minute MBA.