Advertising

Last Updated on April 19, 2021

The Planning Fallacy: Why Your Plans Fail

Advertising
The Planning Fallacy: Why Your Plans Fail

Business plans, diet plans, plans to get a degree and your plan to get rich. Life is full of planning. You’d think that all your practice planning would make you at least somewhat good at it. Then why do so few things go “according to plan?”

Your business can’t make money the way you intended. You quit your diet on day three and start eating the chocolate cake. You realize that you hate the subject you’re studying. The map rarely matches the territory. “Okay,” you might say, “I’ll admit some of my plans didn’t work out perfectly, but it can’t be that bad, can it?”

The Planning Fallacy

People are notoriously bad at planning. The worst part is, we don’t even know it. One psychological study conducted asked students to predict when they expected to complete an assignment, almost none gave enough time. Other looks into financial analysts show that few can consistently beat the market.

The real problem is that these planning failures aren’t recognized. People make wildly overconfident projections but fail to notice their abysmal track record in predicting. The question is, what can you do about this?

Advertising

New Planning Techniques Aren’t the Solution

The problem isn’t a better planning method. We’ve all had a great deal of practice planning. Different planning styles can help, but they can’t solve the core problem of uncertainty. That is, you have no idea what the future holds.

The planning fallacy creates two major problems – the inability to plan and being blind to that incompetence. The real solution is to keep a careful eye on your track record and learn to stomach uncertainty.

Watching Your Track Record

The way to tackle overconfidence is to be aware of your success rate. Whenever you make plans, keep a record of occasions you were forced to deviate from them. I’ve done this, and the differences between your map and reality can be surprising.

How does humility help you? We’ve all been told to have faith and certainty in our efforts, otherwise it is too easy to give up. I’d argue the opposite. When you are motivated to do something, being humbled about your ability to predict forces you to be highly flexible.

Advertising

Stomaching Uncertainty

Does risk make you queasy? Stomaching uncertainty is the next problem. Once you become aware of your inability to plan, you need to find a way to make the unknown tolerable. There are a couple ways you can do this: worst-case planning and flexible planning.

Planning for the Worst

One way to mitigate the actual risk is to plan for the worst cases possible. The point of this is to make you aware of the negative outcomes, and knowing you can handle it. The worst-case rarely materializes, or if it does, it usually happens in a way you didn’t expect. Worst-case planning can’t give you a look at everything that could go wrong, just a bit more confidence in knowing you can handle it.

The other benefit of worst-case planning is it balances the built in optimism plans have. Most people can’t distinguish between their best-case plans and expected plans. In other words, when predicting the future they imagine the most optimistic scenario possible. Your goal setting plan doesn’t always go the way you want it and having a back-up plan is vital for success.

A common rule I heard in software development was to figure out how long it should take. Then double that time and add six months. For your best-case. This adjustment was another method to offset the natural optimism in predicting.

Advertising

Flexible Planning

The second option is simply not to plan. This may seem crazy, but I’ve found using what I’ll call a “flexible planning” model to be ideal for areas where there is a heavy amount of uncertainty.

Flexible planning isn’t planning in the traditional sense. Traditional planning involves looking at your outcome and devising a route to reach there. Flexible planning defies this entirely by not focusing on an end result. Instead, the emphasis is placed on doing actions that will place you in more favorable positions.

Flexible Planning VS Traditional Planning

Traditional planning starts with your objective and works backwards from that. Let’s say you were planning out what career choice you wanted. A traditional approach would be to work out your career choice, possible firms to work with, education you’ll need, classes you’ll need to take and how to fund your education. Each step determining the one before it.

The problem with this method is it cleanly erases uncertainty along the way. What if changes happen in the industry and firms you want to work for start downsizing? What if your school of choice doesn’t accept you? What if you don’t like the classes or eventual career? What if you can’t fund tuition?

Advertising

Flexible planning starts where you are and works forward. So your current position might be limited post-secondary schooling and funds. Flexible planning suggests that many outcomes are favorable and that the paths to get there are almost infinite. Instead your job becomes to put yourself in increasingly more favorable positions.

The next step might be to get some schooling, apply to different Universities and scholarship programs or work to earn money for tuition. The best step is the one that has the most favorable options flowing from it.

In a business context this would mean planning your business so that it would have the largest amount of opportunities available. This way if one of your original plans fails, you can easily switch to another.

Featured photo credit: Jeswin Thomas via unsplash.com

Advertising

More by this author

Scott H Young

Scott is obsessed with personal development. For the last ten years, he's been experimenting to find out how to learn and think better.

The Planning Fallacy: Why Your Plans Fail 22 Tips for Effective Deadlines How To Create More Time: 21 Ways to Add More Hours to the Day How to Motivate Yourself: 13 Simple Ways to Try Now How to Cultivate Continuous Learning to Stay Competitive

Trending in Success Mindset

1 How to Silence the Impostor Syndrome 2 What is Tenacity and How to Use It To Be Successful 3 7 Ways to Eliminate Your Excuses 4 How To Organize Your Day For Success 5 How to Work Hard the Smart Way: 4 Daily Rituals to Follow

Read Next

Advertising
Advertising

Published on October 14, 2021

How to Silence the Impostor Syndrome

Advertising
How to Silence the Impostor Syndrome

Do you ever worry about being exposed as a “fraud?” You’re not alone. It’s actually quite common for people to feel like imposters. In fact, approximately 70 percent of people admit to having experienced impostor syndrome[1] at some point in their lives — a Twitter poll found that 87 percent of people have experienced this.[2] Even successful and famous people like Tom Hanks, Howard Schultz, and Natalie Portman suffer from imposter syndrome.

But, what exactly is imposter syndrome. And, more importantly, how can you silence it?

Originally coined in 1978 by psychologists Pauline Rose Clance, Ph.D., ABPP, and Suzanne Imes, Ph.D., the term “impostor syndrome” describes symptoms that include being unable to internalize accomplishments and being afraid of being exposed as a fraud.

The individual may also be plagued by chronic self-doubt and believe that they’re unqualified for success despite evidence to the contrary. Inadequacies, fears of failure, and disbelief that success is a matter of luck or timing are also common.

If you don’t address this phenomenon, feeling like an impostor can prevent you from achieving ambitious goals. Moreover, those experiencing these feelings tend to over-prepare or procrastinate — which obviously hinders productivity and reaching goals. And, as if that weren’t bad enough, imposter syndrome prevents you from pursuing new challenges and opportunities.

Do you feel like you’re suffering from impostor syndrome? If so, don’t beat yourself up. After all, there are effective ways to overcome these feelings in a healthy and proactive way.

1. Don’t Hide It.

“Firstly, acknowledge it,” advises Claudine Robson,[3] the Intentional Coach. “You give strength to imposter syndrome by letting it continue to peck away at your confidence unchecked.” It can only be banished if you acknowledge it as soon as possible and break the silence.

Advertising

“Then you need to separate your feelings from facts,” Robson adds. “One thing imposter syndrome does very effectively is to mix up your perceptions of reality.”

If you can, take a step back and look at the situation objectively. “Recognize when you should — and when you should not — feel fraudulent,” she says. Appreciate and acknowledge the task, intellect, and insight that have led to your success.

You might even be able to take action by recognizing that the reason you feel fraudulent is that you’re new to a task. “That gives you a path forward; learning is growth, don’t deny yourself that.”

2. Implement the STOP Technique

In her book Cognitive Enlightenment, Melinda Fouts, Ph.D., outlines a technique to overcome imposter syndrome using what she calls the STOP technique.

“STOP is an acronym for ‘silence the oppressive player,” Fouts explains in Forbes.[4] “You need to eradicate this tape that is playing 24/7, whether you are conscious of it or not. It plays loudest when we are tired, hungry, or feeling defeated.”

Steps to implementing the STOP technique and rewiring your brain are as follows:

To replace the tape of not good enough, you need a “launch sentence.” “I’m more than good enough” would is an example of a solid launch statement.

Advertising

Put your launch sentence in prominent locations, such as your car’s dashboard or computer. How come? The reason is that as the tape plays, you won’t be able to remember your launch statement.

Continue to say “stop” until you recall your launch sentence, says Fouts.

Put your launch sentence into your own words and pontificate.

While going about your daily tasks, like while driving or exercising, practice your launch sentence so you can recall it when you need it in the future.

“I am told this sounds simple and it does,” she adds. However, this technique is challenging when your negative tape is playing. You will not want to replace the tape every day while your brain is rewiring itself. “It is these moments you can’t give up.”

3. Distinguish Humility and Fear

When it comes to hard work and accomplishments, there’s humility, and then there’s fear. In other words, having a high level of competence can lead one to discount its value occasionally. However, as Carl Richards wrote in an article for the New York Times,[5] “After spending a lot of time fine-tuning our ability, isn’t it sort of the point for our skill to look and feel natural?”

The problem is that we feel unworthy from time to time. But, as Seth Godin explained in a blog post,[6] “When you feel unworthy, any kind response, positive feedback or reward feels like a trick, a scam, the luck of the draw.”

Advertising

Feeling worthy without feeling entitled is possible. And, finding the right balance between them is critical for overcoming impostor syndrome. “Humility and worthiness have nothing at all to do with defending our territory,” Godin continues. “We don’t have to feel like a fraud to also be gracious, open, or humble.”

4. Keep a “Brag Sheet”

When you were sending out college applications, did you build yourself a “brag sheet?” If not, here’s a clean description from Shawna Newman,[7] “A brag sheet is very similar to a student resume – it highlights your accomplishments, key experiences, leadership skills, and employment throughout your secondary education.” In short, “it’s a quick reference guide with all the details and achievements for someone trying to get to know you better.”

While it may be awkward at first, you can apply the same concept when coping with imposter syndrome. Just compose a list of your accomplishments, activities, skills. That’s it. Just remember Godin’s advice and also be humble and gracious.

As an added perk, besides being an effective way to talk myself up, I’ve also found that this has helped me stop comparing myself to others. Instead of harping about other people’s milestones, I’m honing in on what I’ve done.

5. Celebrate Wins, Period

Speaking of accomplishments, they shouldn’t be categorized as small or big. After all, you feel as if you don’t belong when you have imposter syndrome. So, the more you celebrate your wins, the more confident you’ll become.

Furthermore, accept compliments without qualifying them and practice listening to praise every day. Finally, become kinder to yourself by saying at least one kind thing to yourself daily. And, give yourself a well-deserved pat on the back.

6. Assemble a Legion of Superheroes

“You know how corporations have a board of directors to — in theory — make them stronger, maintain checks and balances, leverage resources, and help advance the organization’s vision?” asks inspirational speaker, speaking coach, and creative consultant Tania Katan.[8] “Why not assemble your own board of directors to leverage resources to help make your career stronger, keep you in check and balanced, and advance your vision?”

Advertising

“My friend Alison Wade, president of conferences, training, and consulting at Techwell, calls her personal board of directors her “front-row” — those are the people she invites to sit spitting distance from the stage, cheer her on, challenge her, and review her performance,” Katan writes.

As for Katan, she calls hers a “legion of superheroes.” The reason? “I dig the idea of joining forces to do good in the corporate galaxy.”

It’s important to have a diverse group of individuals who will defend you. Ideally, they should be varied in all dimensions, such as cultural background, way of thinking, and skills.

Katan recommends that you meet together frequently, whether if that’s once a week or every quarter. “Share your experiences, fears, creative ideas, aspirations,” she adds. “Celebrate each other’s accomplishments.” You also need to both support and challenge each other. “Discover what you are capable of doing when you combine your powers.”

7. Visualize Success

Follow the example of a professional athlete by imagining yourself crushing that presentation or project. You’ll enjoy the relief from performance-related stress. And, more importantly, it can help you avoid focusing on the worst-case scenario.

Final Words of Advice

While there’s no single formula to cure imposter syndrome, the tips listed above are a start. After all, your success depends on your ability to fight the negative effects of it. For example, feeling unworthy over time can lead to crippling anxiety and depression if left untreated.

If you’ve tried the above, then make sure that you speak to someone about what you’re experiencing, whether it’s a mentor, peer group, or licensed professional. And, above all else, there’s a place at the table for everyone — no matter what your inner voice is telling you.

Advertising

How to Silence the Impostor Syndrome was originally published on Calendar by John Rampton.

Featured photo credit: Laurenz Kleinheider via unsplash.com

Reference

Read Next