"Part 8: Read the Transcript of Mike Filsaime's In Search Of Heroes Interview" by Ralph Zuranski
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Ralph Zuranski: Is it beneficial to make decisions quickly?
Mike Filsaime: Yes absolutely Ralph. As you’ll see you’ll be talking to a lot of people and we all quote famous people and successful people. Especially quotes from Napoleon Hill.
Napoleon Hill teaches that one of the habits that he notices about all the successful people he interviewed was that successful people are decisive in nature. Successful people make decisions very quickly. And they change them slowly.
Unsuccessful people make decisions very slowly and they change them very quickly. I saw that in the car business. What that means is if I ask you “What color is a blue shirt?” You say it’s blue because you know it to be true.
Sometimes we know the right answer but we were brought up to say “Never make a decision right away. Always sleep on it. Always think about it.” That’s a bunch of nonsense but we have to look at the people that taught us that. They were people that lived their structured life where they made $472.63 a week
Those are the people that are teaching our kids today. I want the kids listening today to know that when they know something is right to make the decision. Stick with it and make it through and focus on that decision you made because you knew it was right.
If it turns out to be the wrong decision then we go back and we talk about what we learned from our mistakes. I will venture to say that 19 times out of 20 your gut instinct is right and you know the right decision. The mistake that people make is they say I’m going to sleep on it.
It’s like me saying “Here you give me $5.00 and I’ll give you ten tomorrow.” Then you say “Well let me think about that.” And the next thing you know you end up saying “I remember when Snapple came out. My friends bought it but I decided not to buy it. I remember when Google came out and I was going to but the stocks but I didn’t.”
Because they knew it was right but they didn’t act on it. What ends up happening is that when they do end up making a decision they say “Everybody bought Google. I waited a year and half and I’m going to buy Google now.”
They buy Google for $110.00 a share and tomorrow it goes to $109.00 a share. Remember unsuccessful people make decisions slowly and change them quickly. It took them a year and a half to make the decision then all of a sudden they say “Oh wow, I just lost a dollar. Let me pull my money out of the market place.”
Next thing you know as they pull their money out of the market place it goes up to $115.00 and they lost the opportunity when they had the right decision to begin with. So that’s an example that I can give you.
To answer question in a nutshell when you have a decision should you act quickly? I believe the answer is unequivocally yes.
Ralph Zuranski: Are you slow to revise or reverse an important decision?
Mike Filsaime: That’s correct. Yes I think that when you believe something is right in your heart, don’t listen to everybody. Take everybody’s advice into consideration. That’s a good question. You see we are on a ship and we are going to the new world. We don’t know exactly where it is but we know it’s there.
We have our captains and other people that are helping us and telling us “Our calculations show us that the wind is blowing us this way. We need to shift our direction two degrees.” That doesn’t mean you have to stand firm with your feet dead in cement once you’ve made your decision.
You want to stay along the same path and make small changes along the path that you believe is right. But don’t just do a complete 180 degrees because at that point you are going to get lost in the ocean and just sink.
Ralph Zuranski: How were you able to overcome your doubts and fears?
Mike Filsaime: They tell you whatever doesn’t kill you makes you stronger. You have to confront your fears. That’s easier said than done. I have things that I struggle with in my life. I have the fear that there are things I need to take care of that I work on. It all comes down to knowing what’s right.
If you know what’s right and you have faith you need to just confront your fears. You can not let anything control you especially not a fear. If you can confront the fears and ask yourself “What’s the worse that’s going to happen?”
If you are a 16 year old boy and you want to take that 16 year old girl out to the prom and remember about being decisive in nature, well if you take too long to act on that you are going to do it in 3, 4 or 5 days then you finally build up the courage to do it. As you’re doing that the other kid is going to walk up and ask her “Hey would you like to go to the prom with me?”
She’s going to say “Yes.” and just like in the movies she’s going to look over and see you 3 lockers down and say “Boy I wish he would have asked me first.”
So if you have a fear to ask a girl or whatever the case is to go to the prom you have ask yourself “What is the worst that can happen? She’ll say no.” Is that really the worst thing in the world? No brush yourself off and say “Her loss.”
Guess what’s really going to happen? She’ll say yes. You have to take action on the fear that you have. As long as you know the worst and best case scenario it’s better to make a decision and go with it.
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