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The hidden price of perfect timing


Issue #161 | September 23rd, 2025

Hi, it's Pat!

In 2008, I was laid off from my architecture job and had a choice: Find another job or start my own business.

I chose entrepreneurship. But instead of taking action, I spent three months "preparing." I read books, took courses, analyzed the market, and perfected my business plan. I told myself I was being smart and strategic.

The truth? I was scared and using preparation as an excuse to avoid action.

Finally, my business coach, Jeremy, had had enough. "Pat," he said, "you have a whole notebook of strategies, but you still haven't launched your book! You're helping nobody with a notebook full of plans."

He was right. A couple of months later, I finally launched my study guide for architects preparing for an exam. That first month, it generated $7,908.55.

Those three months of "preparation" cost me over $20,000 in lost revenue.

But the real cost wasn't money — it was the confidence I could have built, the customers I could have helped, and the momentum I could have gained.

Today, I want to talk about the hidden price we pay when we wait for "the right time" — and why that time will never come.

Let's get unstuck.

Quote of the Week

"The way to get started is to quit talking and begin doing."

—Walt Disney

Story of the Week

The Myth of Perfect Timing

Here's what I've learned after 17 years in business: There is no “right” time. There are only opportunities and the people brave enough to seize them.

Every successful person I know started before they felt ready:

  • I launched my first course with zero teaching experience
  • My friend Amy Porterfield left her corporate job without a business plan
  • Lewis Howes started his podcast in his sister's closet with a $100 microphone

None of us waited for perfect conditions. We started with what we had and figured it out along the way.

The Real Cost of Waiting

While you're waiting for the "right time," here's what's actually happening:

  1. Your Competition is Moving: Every day you delay, someone else is taking action. They're building relationships, gaining experience, and capturing market share that could have been yours.
  2. You're Losing Momentum: Inspiration has an expiration date. The longer you wait, the more your initial excitement fades. What feels urgent today becomes optional tomorrow.
  3. You're Missing Learning Opportunities: The real education happens when you're in the game, not on the sidelines. Every day of action teaches you more than a month of planning.
  4. Your Confidence is Eroding: Each day you don't act reinforces the story that you're not ready. This creates a vicious cycle where waiting makes you feel less prepared, not more.

The Action Advantage

When I finally launched that study guide, something magical happened. Not just the sales — though those were nice — but the confidence that came from proving to myself I could do it.

That first success led to the second, then the third. Each action built momentum for the next one.

Action creates clarity. You can't steer a parked car, but once you're moving, course corrections become possible.

Action builds confidence. Every small win proves you're more capable than you thought.

Action attracts opportunities. People want to work with doers, not planners.

The Preparation Trap

Don't get me wrong — preparation has its place. But most of us use it as a sophisticated form of procrastination.

We tell ourselves we need:

  • More research
  • Better timing
  • More money
  • Perfect conditions
  • Complete certainty

Here's the truth: You'll never have complete information. You'll never feel 100% ready. The conditions will never be perfect.

The most successful people aren't those who wait for certainty — they're those who act despite uncertainty.

The 48-Hour Rule

Here's a simple framework I use to break the preparation trap:

When you have an idea or opportunity, give yourself 48 hours to take one concrete action toward it.

Not to complete it. Not to perfect it. Just to start.

  • Write the first paragraph
  • Record the first video
  • Send the first email
  • Make the first call

This breaks the inertia and gets you moving. Once you're in motion, staying in motion becomes easier.

What You're Really Afraid Of

Let's be honest about what's really holding you back. It's not a lack of preparation — it's fear.

Fear of failure. Fear of judgment. Fear of success. Fear of the unknown.

These fears are normal and human. But they're also the price of admission to anything worthwhile.

The question isn't how to eliminate fear — it's how to act despite it.

Every successful person I know still feels fear. The difference is they've learned to use it as fuel rather than letting it be a brake.

Your Turn: The Action Challenge

Right now, as you're reading this, I want you to think of one thing you've been putting off. One project, one conversation, one decision you've been "preparing" for.

Here's your challenge:

  1. Identify the smallest possible first step you could take today
  2. Set a timer for 25 minutes and take that step
  3. Schedule the next small step for tomorrow

Don't aim for perfection. Aim for progress.

Remember: The cost of inaction is always higher than the cost of imperfect action.

What will you start today?

Join Our Upcoming Starter Series!

Ready to launch your own thriving online community?

It’s so much easier (and more fun) to build something when you’re not doing it alone.

That’s why we created the Community Business Blueprint Starter Series, a free, 5-day experience for entrepreneurs who want to start their own online community. It all kicks off on Thursday, October 2nd!

Over five days, you’ll collaborate with fellow entrepreneurs, guided by a dedicated Team SPI facilitator, to define your community’s purpose and lay a strong foundation for growth.

Here’s what you’ll explore each day:

  • Day 1: Why community works as a sustainable business model
  • Day 2: How to know when you’re ready to launch
  • Day 3: Define your community’s purpose and clarify your “why”
  • Day 4: Learn from real-world examples of thriving communities
  • Day 5: Align your community idea with your bigger business goals and strategy

The Starter Series is hosted in the free Explore tier of the SPI Community. If you don’t have an account yet, you’ll be prompted to create one for free to get access.

SPI News and Notes

A business with a community is a business that thrives. Now is the perfect time to unite your audience in a space where they can connect with you and, more importantly, with each other. Ready to get started? Join me for a free live webinar next Wednesday, October 1st, at 11:00 AM PT / 2:00 PM ET, where I’ll share essential steps to launch and grow your own online community even if you don’t have a large audience! Click here to RSVP!

Live talks are more lucrative than ever in 2025, so how do you turn your presentations into a thriving career? In the latest episode of The Smart Passive Income Podcast, I share exactly what’s working right now if you want to get paid to speak. I’ll cover landing your first gigs, building relationships with event organizers, positioning yourself for high-paying opportunities, and much more. Tune in here!

Want to get an email from me every time I release a new podcast episode? Click here and I’ll make sure you never miss out!

Cheers,

Pat Flynn

Founder, SPI

Dad Joke of the Week

I used to be addicted to soap...

But I'm clean now.

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