The Brainy Business | Understanding the Psychology of Why People Buy | Behavioral Economics

532. Conquering Procrastination in Business


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In this episode of The Brainy Business podcast, Melina Palmer revisits the concept of bikeshedding, a phenomenon that leads us to obsess over trivial details while neglecting the more significant issues that drive progress. Originally discussed in episode 99, Melina brings this foundational topic back into focus as we navigate the complexities of decision-making in a rapidly changing environment.

Bikeshedding, a term coined by Cyril Northcote Parkinson, highlights our tendency to spend excessive time on inconsequential tasks—like perfecting a logo color—at the expense of critical decisions that can impact our success. Melina explains how this behavior can hinder our productivity and offers practical strategies to overcome it. She discusses the relationship between bikeshedding and Parkinson's Law of Triviality, emphasizing the importance of prioritizing meaningful work over distractions.

In this episode:

  • Understand the concept of bike shedding and how it manifests in everyday decision-making.
  • Learn about Parkinson's Law of Triviality and its implications for productivity.
  • Discover practical questions to ask yourself to break free from bikeshedding and focus on what truly matters.
  • Explore the significance of setting clear goals to combat procrastination and maintain momentum.
  • Gain insights into how to balance feedback from others while staying true to your own objectives.

Get important links, top recommended books and episodes, and a full transcript at thebrainybusiness.com/532.

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The Brainy Business | Understanding the Psychology of Why People Buy | Behavioral EconomicsBy Melina Palmer

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