“Vision without action is merely a dream. Action without vision just passes the time. Vision with action can change the world”. (Joel A. Barker)
Any kind of change requires activity and action. Be it in our personal lives or in business. I have learned, through personal experiences, and through observation of other people and companies, that a fear of making the wrong decisions leads to inactivity, which in turn leads to increased inactivity and there we are – in a vicious circle.
I have written about the influence from external events, such as the news that are brought into our consciousness every day through various media channels. Experience has taught me that listening to the news, in general, can have a huge impact upon the decisions that I am willing to make regarding both my private life, and also regarding business decisions.
In the world of investments, investor ́s actions are often referred to as actions based on mass psychology. When hearing bad news about a certain economy/market, or about a specific company, many investors react quickly based upon that information. Some may react e.g. by selling all stocks of that specific region/company. Others, called contrarian investors, go against prevailing market trends by buying poorly performing assets, as opposed to “traditional” investors.
Keeping a cold head in any kind of situation is important. Be it in personal life decisions, in business practices, in investing or whatever. The world is full of temptations, but also full of what we could call propaganda. The word propaganda has a very negative echo, but any intelligent person knows how important it is to question everything one reads, hears, and experiences. I ́m not saying that one should not trust anything; however, questioning sources of information, and staying objective, is healthy. One way of questioning and staying objective is to be very selective regarding the sources of information that we use in our everyday lives. Taking some distance in regard to e.g. news and media can sometimes prove to be an efficient way of getting in touch with one’s inner guide: the intuition.
Many people have lost touch with their intuition, because they are always affected by external distractions, be it news, media, other people, friends, family etc. Taking some distance and being selective is a good way of finding back to listening to our intuition, since it rarely mistakes. How you react to something, and how you feel about something rarely lies to you.
Sometimes reflecting upon various things is a positive thing to do, but mostly procrastination leads to an increased difficulty in decision-making. This is where mass psychology has a huge influence: if, let’s say in a certain market, the economy has been in recession for years, it easily leads to even worse decision-making, or no decision-making at all. Investments are being cut down; companies are dismissing employees, which lead to decreased consumption and so on.
Markets are always turbulent, if we let them be. Media is capable of bringing negative news into daylight, but smart entrepreneurs know that there is always a demand for their services/products, and that there is always a market for those who are ready to take action, create new demand and push their services/products to consumers. This, in turn, requires the ability and willingness to hire the right people to help the company in succeeding – people (employees/consultants) who believe in the product and who know how to generate income for them and for the enterprise.
“Inaction breeds doubt and fear. Action breeds confidence and courage. If you want to conquer fear, do not sit at home and think about it. Go out and get busy”. (Dale Carnegie)