TRASCRIZIONE 🔗
WEBVTT
00:00:00.080 --> 00:00:02.879
Hi, and welcome to this week's The Mortgage Broker Broadcast.
00:00:02.959 --> 00:00:14.080
I'm your host, Craig Skelton, and this show is for mortgage brokers and business owners who want to build a sustainable business without losing sight of why they start the whole thing in the first place.
00:00:14.240 --> 00:00:18.960
We talk about mindset, habits, and the realities of being self-employed.
00:00:19.120 --> 00:00:30.239
A couple of weeks ago, we talked about firefighting in a chaotic market and how it's okay to focus on locking in rates and calming clients in an emergency.
00:00:30.480 --> 00:00:39.039
This week we're going to slow things down again and look at a quieter villain that can derail your progress long after the crisis passes.
00:00:39.280 --> 00:00:41.600
I'm talking about procrastination.
00:00:42.159 --> 00:00:44.479
So why talk about procrastination now?
00:00:44.640 --> 00:00:52.880
Well, with swap rates jumping around, lenders pulling deals, clients panicking, it's tempting to put long-term projects on a hold.
00:00:53.119 --> 00:01:02.479
Maybe you postponed planning your marketing because you were chasing rate switches or delayed reviewing your protection clients because the phone wouldn't stop ringing.
00:01:02.719 --> 00:01:11.359
In a crisis, reactive work is necessary, but if we're not careful, the habit of reacting can become a pattern of avoidance.
00:01:11.519 --> 00:01:16.560
Business owners and the self-employed often mistake motion for progress.
00:01:16.719 --> 00:01:32.000
Procrastination often disguises itself as productive avoidance, spending days researching the best software or tweaking our brand colours or rewriting your website copy instead of calling potential clients.
00:01:32.319 --> 00:01:42.079
When you're self-employed and answer to no one, it's alarmingly easy to stay busy without touching the tough, forward-moving work.
00:02:01.200 --> 00:02:03.840
But delaying these tasks has a cost.
00:02:04.079 --> 00:02:12.159
Procrastination stems from fear of failure, lack of motivation, perfectionism, and decision anxiety.
00:02:12.240 --> 00:02:16.479
And it can lead to missed deadlines and lower productivity.
00:02:16.719 --> 00:02:21.759
Awareness and recognizing these patterns is the first step to breaking them.
00:02:22.719 --> 00:02:24.800
So what is procrastination?
00:02:25.039 --> 00:02:29.759
Procrastination isn't laziness, it's a response to discomfort.
00:02:30.000 --> 00:02:40.080
It can be described as the voluntary delay of an intended task, even when you know it may lead to negative consequences.
00:02:40.400 --> 00:02:48.159
For business owners and the self-employed, procrastination often feels like constantly preparing and never executing.
00:02:48.319 --> 00:02:59.039
I would define procrastination as avoiding or delaying necessary tasks due to fear of failure, lack of motivation, perfectionism, or anxiety.
00:02:59.199 --> 00:03:01.280
These reasons
Load full transcript
resonate for most.
00:03:01.680 --> 00:03:08.479
Fear of failure shows up as a worry about how a new piece of content will be received.
00:03:08.719 --> 00:03:13.360
Lack of motivation creeps in when you're exhausted after back-to-back client calls.
00:03:13.599 --> 00:03:19.360
Perfectionism keeps you tweaking your social posts instead of hitting publish.
00:03:19.680 --> 00:03:24.560
Anxiety about making the wrong decision can keep you stuck in research mode.
00:03:24.800 --> 00:03:34.879
And adding to that, constant distractions, emails, other people's social media, urgent requests, and procrastination becomes default.
00:03:35.280 --> 00:03:38.960
So let's look at procrastination versus productive avoidance.
00:03:39.120 --> 00:03:45.039
One reason procrastination is hard to spot is it often feels like productive work.
00:03:45.280 --> 00:03:47.360
As I said, productive avoidance.
00:03:47.520 --> 00:04:01.919
You're doing something that feels helpful, like comparing CRM systems or reading another article about the housing or the mortgage market, but you're dodging the high impact tasks that actually moves your business forward.
00:04:02.240 --> 00:04:10.879
For brokers, productive avoidance might be researching for a new perfect CRM instead of reaching out to past clients.
00:04:11.039 --> 00:04:16.720
It might be agonizing over that brand colour instead of posting that video content.
00:04:16.879 --> 00:04:23.199
It might be reformatting your terms of business instead of recording a short social reel.
00:04:23.600 --> 00:04:31.360
A key test to this is to ask yourself: is this task directly linked to revenue, client service, or long-term growth?
00:04:31.600 --> 00:04:35.040
If not, you may be avoiding something deeper.
00:04:35.360 --> 00:04:38.160
Perfectionism is often the culprit.
00:04:38.399 --> 00:04:48.240
As I've said in an episode of the Morning Mindset podcast quite some time ago, chasing perfection can lead to disappointment, procrastination, and even burnout.
00:04:48.399 --> 00:04:57.040
When we hold ourselves to impossible standards, we risk getting trapped in self-criticism instead of taking imperfect action.
00:04:57.279 --> 00:04:59.519
So, how do you break the procrastination loop?
00:04:59.600 --> 00:05:03.680
Well, the good news is procrastination is a pattern that you can change.
00:05:03.839 --> 00:05:05.040
But how do you go about that?
00:05:05.279 --> 00:05:07.519
The first thing to do is shrink the first step.
00:05:07.600 --> 00:05:17.360
The hardest part of meaningful work is starting out to lower the mental barrier, shrink the first step until it feels almost too small to resist.
00:05:17.600 --> 00:05:22.879
Instead of saying, I need to record next month's social content, start with just one.
00:05:23.040 --> 00:05:27.279
Instead of sort of saying I need to review my business plan, start with something basic.
00:05:27.680 --> 00:05:34.879
Even just opening the document and having a look at it, you could also anchor tiny actions to existing routines.
00:05:35.040 --> 00:05:36.879
And that also works as well.
00:05:37.040 --> 00:05:40.160
The next thing to do is set clear deadlines and accountability.
00:05:40.319 --> 00:05:46.000
Without deadlines, tasks expand to fill the space that you have given them.
00:05:46.160 --> 00:05:50.000
If you've been meaning to update your website for months, set a deadline.
00:05:50.160 --> 00:05:54.399
I'll publish the new about page by Friday at three o'clock.
00:05:54.639 --> 00:05:56.959
Pair that deadline with accountability.
00:05:57.120 --> 00:06:05.120
Tell a colleague, mentor, even a partner or a spouse, and ask them to check in with you to see if you've done what you said you were going to do.
00:06:05.279 --> 00:06:11.920
When someone else is waiting for your work, it's harder to quietly extend the timeline.
00:06:12.079 --> 00:06:15.040
And then design your environment for focus.
00:06:15.279 --> 00:06:17.439
Your surroundings influence your behavior.
00:06:17.680 --> 00:06:27.120
People working at messy desks feel more mentally drained and take longer to complete tasks than those who work on an orderly desk.
00:06:27.279 --> 00:06:33.439
Clear your workspace, close unnecessary browser tabs, put your phone out of reach.
00:06:33.680 --> 00:06:42.560
Creating a consistent setup, specific lighting, background music, or playlist signals to your brain that it's time now to focus.
00:06:42.800 --> 00:06:45.120
And then make your progress visible.
00:06:45.439 --> 00:06:49.680
Progress is a real powerful motivator, but only if you can see it.
00:06:49.920 --> 00:06:59.519
Break projects into small steps you can complete within an hour or so or a day at a time and track them with a whiteboard or a simple checklist.
00:06:59.680 --> 00:07:06.639
Watching tasks move from to-do to done gives you momentum and shows you where you need to adjust.
00:07:06.800 --> 00:07:11.759
You then need to guard your energy and understand that multitasking is a myth.
00:07:11.920 --> 00:07:15.120
Switching between tasks comes with mental costs.
00:07:15.199 --> 00:07:20.560
It takes your time, takes time for your brain to re-immerse itself into the original task.
00:07:20.879 --> 00:07:27.120
Plan your most important work when you are naturally most alert, which is often the first part of the day.
00:07:27.360 --> 00:07:33.279
Protect those blocks by silencing notifications and checking email on a schedule.
00:07:33.439 --> 00:07:35.120
And when you're tired, take a break.
00:07:35.279 --> 00:07:39.759
Stepping away can give you that fresh idea and improve your focus.
00:07:40.000 --> 00:07:43.759
And you can also automate or delegate low-value tasks.
00:07:43.920 --> 00:07:47.519
Admin work can be like a procrastination magnet.
00:07:47.680 --> 00:07:52.639
You avoid high-value work because you feel obliged to clear your inbox first.
00:07:53.680 --> 00:08:01.600
Use tools like your CRM automation, scheduling apps or AI assistance
to help handle repetitive tasks.
00:08:01.759 --> 00:08:07.360
Freeing yourself up from busy work makes it easy to start work that actually matters.
00:08:07.600 --> 00:08:11.680
Delegate to support staff or outsource help when you can.
00:08:11.839 --> 00:08:16.000
And the last thing is reward momentum and celebrate those small wins.
00:08:16.160 --> 00:08:18.399
Positive reinforcement strengthens habits.
00:08:18.560 --> 00:08:22.800
When you finish a difficult task, something you've been putting off for a long time, reward yourself.
00:08:22.879 --> 00:08:26.079
It doesn't matter what that reward looks like, but you reward yourself.
00:08:26.240 --> 00:08:28.800
It's just important to make sure you feel rewarded.
00:08:28.959 --> 00:08:33.759
Celebrating the small wins builds confidence and motivates you to keep going.
00:08:34.000 --> 00:08:36.399
And we need to be building habits that last.
00:08:36.559 --> 00:08:40.080
Our last few episodes have emphasized on discipline and routines.
00:08:40.240 --> 00:08:43.600
Habits are the antidote to prolonged firefighting.
00:08:43.840 --> 00:08:46.960
Regular morning routines sets the tone for your day.
00:08:47.120 --> 00:08:54.000
Time blocking your calendar creates a rhythm for strategy, client calls, marketing, and rest too.
00:08:54.159 --> 00:08:55.039
That's important.
00:08:55.200 --> 00:09:01.840
I recommend daily planning, time blocking, using a CRM for reminders and taking regular breaks.
00:09:02.000 --> 00:09:08.320
When you time block your day, your week, and commit to routines, there's less room for procrastination.
00:09:08.559 --> 00:09:12.080
Habits also help you stay visible when life gets hectic.
00:09:12.159 --> 00:09:21.200
If you can't create fresh content, repurpose a snippet from an old post or share a client story or share a client recent review.
00:09:21.440 --> 00:09:23.120
The key is consistency.
00:09:23.279 --> 00:09:26.960
Your audience doesn't need new ideas every single day.
00:09:27.120 --> 00:09:30.720
They just need regular reminders that you are there to help.
00:09:30.879 --> 00:09:33.600
So let's look at progress over perfection.
00:09:33.679 --> 00:09:37.279
At the heart of procrastination is often perfectionism.
00:09:37.519 --> 00:09:41.600
Striving for flawlessness leads to procrastination and burnout.
00:09:41.759 --> 00:09:45.120
The cure is to embrace progress over perfection.
00:09:45.200 --> 00:09:53.120
Instead of obsessing over the perfect video or blog post, focus on delivering value and improving with feedback.
00:09:53.360 --> 00:09:55.679
Your first attempt doesn't have to be perfect.
00:09:55.759 --> 00:09:57.360
It will never be your best.
00:09:57.519 --> 00:09:59.200
It just has to be published.
00:09:59.440 --> 00:10:02.559
Refuse to label yourself as a procrastinator.
00:10:02.720 --> 00:10:05.919
Shrink the tasks, lower the barriers, take the first step.
00:10:06.080 --> 00:10:11.440
If perfectionism creeps in, remind yourself that done is better than perfect.
00:10:11.600 --> 00:10:16.000
And if you fall back into old habits, practice self-compassion.
00:10:16.159 --> 00:10:18.879
Every day is a chance to begin again.
00:10:19.120 --> 00:10:31.039
So just to wrap up on the key takeaways from this week's podcast, procrastination often hides as productive avoidance, tweaking manner details instead of doing the work that counts.
00:10:31.279 --> 00:10:36.960
It's driven by fear of failure, lack of motivation, perfectionism, and anxiety.
00:10:37.200 --> 00:10:52.240
Break the cycle by shrinking the first step, setting deadlines with accountability, designing your environment for focus, making progress visible, single tasking, automating low-value tasks and rewarding momentum.
00:10:52.399 --> 00:11:00.720
Habits like time blocking, daily planning reduce decision fatigue and keeps you visible even when the market is chaotic.
00:11:00.879 --> 00:11:02.559
And let go of perfectionism.
00:11:02.720 --> 00:11:05.919
Progress is far more important than perfection.
00:11:06.159 --> 00:11:11.519
And as always, remember your why, the reason you became self-employed in the first place.
00:11:11.679 --> 00:11:14.480
You don't have to overhaul everything all at once.
00:11:14.639 --> 00:11:20.240
Choose one area where you've been procrastinating and commit to a tiny step today.
00:11:20.480 --> 00:11:21.200
So that's it.
00:11:21.279 --> 00:11:22.720
That's this week's podcast.
00:11:22.879 --> 00:11:24.000
Thanks for listening.
00:11:24.159 --> 00:11:28.720
If you found this episode helpful, please subscribe, please share it, please leave a review.
00:11:28.960 --> 00:11:30.480
We really appreciate it.
00:11:30.639 --> 00:11:34.720
And as always, please don't forget to run your own race.