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How Will You React To This Delay?

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November 28, 2018

How Will You React To This Delay?

It probably depends on what is being delayed.

If it’s a flight or your luggage, research (and life) shows that you’ll likely exhibit a negative emotional response or anger. As we enter one the busiest travel seasons of the year, not to mention the most susceptible to inclement weather, this week we’re focusing on: What we can do when faced with delay?

Don’t Eat the Marshmallows
S’mores are arguably the best campfire dessert, this warning relates way back to the infamous 1960s Marshmallow Test, known widely as a “workable gauge of a person’s ability to delay gratification, and an important marker for emotional maturity, which requires being able to control your impulses and master your desires.

As entrepreneurial leaders, our experience with delay can be either a disappointment or something more.  Delayed gratification in this sense means putting off the things that aren’t truly needed today until tomorrow. This exercise in self control not only builds resilience, but it sharpens our ability to distinguish between wants and haves.

Dream Delayed
If you’ve ever been the victim of a delayed or lost baggage, surely you can empathize with the damper effect it can have on your plans.  According to SITA, lost luggage costs airlines around the world $2.1 billion.  Rather than simply eating the loss, the airlines got creative in revamping their baggage policies earning U.S. carriers a striking $4.2 billion annually in baggage related revenue.  How’s that for a comeback?  The lesson here is that a dream delayed is not a dream denied.  It’s often an opportunity to tap into your unique genius or inspire a new offering or strategy going forward.

Heavy Load
Keeping with the travel metaphors, sometimes the reason we experience delay is because we pack too much.  Maybe you don’t really need 15 outfits for a two day adventure. Why not carry on that same logic to our organizations (no pun intended!)?  The answer to your current delay may be to lighten the load. Perhaps it’s not necessary to pursue every potential target customer, product feature, or opportunity that comes along.  Or, the baggage of past failures are unfairly attached to new endeavors.   Instead, use only what you need, be discriminant, nimble and swift.

Cheers,

Venture Cafe Miami

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