I had a very intersting meeting with Russ Wylie of The Performance Revolution www.theperformancerevolution.com.au yesterday with one of our mutual clients.
Russ went through an exercise where he discussed the fact that there are really only two types of prices:
The Price of Preparation; and
The Price of Regret
This is such a simple way of looking at things – if you’re not prepared to pay the price of preparation, then you’ll be left with no option but to pay the price of regret. If you look at it from a business perspective, where a business person is not prepared to pay for the price of planning, review and implementation, then the likely outcome from their activities will not be as good as it could be and therefore they will pay the price of regret.
It revolves around the old adage: “If you fail to plan, you plan to fail”. Many people look on the costs of undertaking the planning as “too expensive” because they haven’t quantified the costs of not doing it. There is nothing to compare it to and they just blunder blindly forward. Consequence – the outcomes will not be as good/successful/sustainable.
The price of preparation needs to be looked at as an investment – by going through the process, you will have a far greater prospect of success – is that not what you’re looking for?
So, you need to consider whether you are going to pay the price of preparation or pay the price of regret. Preparation is an investment. Regret is forever.