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What does this mean for your business? It says that it’s not enough to know what the right decision is at any given moment: you also need to make sure the timing is right for you to make it. Not understanding the best time to act can lead to employee resistance, failed projects, or even total disaster.
Components of the Law of Timing
In his chapter on the Law of Timing, Maxwell writes, “Reading a situation and knowing what to do are not enough to make you succeed in leadership. If you want your organization, department, or team to move forward, you must pay attention to timing.”
Think about it: you might have an idea to launch a new product as a holiday gift. However, to make enough sales, you need to take into consideration the fact that many people do their holiday shopping long before December. Launching at the wrong time could severely limit your selling potential.
Likewise, you need to evaluate the timing within your business as well as out in the marketplace. If you try to instigate a significant change right after a massive staff turnover, employees will be feeling shaky and on edge. They won’t be able to give a new effort their best shot if they feel like their job is always on the line.
As Maxwell sees it, there are four possible outcomes to any action. The wrong action at the wrong time leads to disaster; the right action at the wrong time leads to resistance; the wrong action at the right time is a mistake but the right action at the right time leads to success.
The Law of Timing requires the following components: understanding, maturity, confidence, decisiveness, experience, intuition, and preparation. You have to have the knowledge, intuition, and maturity to know when a decision is right, the confidence and decisiveness to act with intention, and the experience and preparation to back you up.
The Law of Timing in Leadership
To make the Law of Timing work for your business, you need to evaluate your leadership strategy. When was the last time you considered the timeliness of an action or idea? If you have a history of failed projects, ask yourself whether poor timing could have been the culprit.
Not sure what timing has to do with it? When considering past flops, as yourself the following: what were the market conditions at the time? Could the venture have been profitable if launched earlier or later? What was the state of your business at the time of the launch?
Consider the components of the right leadership timing. The next time you have an idea, ask yourself a few key questions:
- Do you fully understand the situation?
- Are you doing this for the right reasons?
- Do you believe in yourself and your decision?
- Can you win your employees’ trust?
- Have you taken your experience into account?
- Are you listening to your gut feeling?
- Have you done everything you can to prepare your team for success?
If the answer is yes to all of those questions, you’re ready to act.
Timing is everything when it comes to making big business decisions. If you fill out my contact form, we can take a look at your business strategy together and determine how the Law of Timing can help you succeed.
For more information on John C. Maxwell and why I like this book so much, watch the video below.
To read more articles in my “Laws of Leadership” series, click here.