Perma-five is a place you don’t want to be. It’s something that you should and can avoid at all costs.
If you find that you’re stuck or even think you might be stuck, take five minutes out of your life and watch this video. I’ll bet you’ll be glad that you did.
Hi, I’m Josh Patrick. Today, I want to talk with you about something which I think is a really big deal. It’s a concept I call Perma-Five. Now, Perma-Five is not a good thing. In fact, Perma-Five means that you’re probably a little bit stuck.
What is perma-five?
So let me tell you about Perma-Five. I first noticed this about 20 or 25 years ago when I first got into the advice business. I had people walk in my office and we started talking about retirement, or we’d be talking about buying a new business, or selling a business, or anything that’s a major change in the business, or maybe even the sales that’s going on for the business. I’d say, “When would you like to solve this problem? When do you think you’re going to pull the trigger on leaving your business, or retiring, or hiring a new person?” And they would often say, “Five years from now.”
And then I would run into the same person two years later, ask him the same question, and guess what their answer was – their answer was “Five years from now.” And then I’d go, and I’d find them and talk to them again three years later. Now, it’s five years after the five years was supposed to happen. I’d say, “When would you like your thing to happen?” and they would say, “Five years from now.” So I started calling this Perma-Five.
Does everything seem five years off for you?
What this means, for me, is that if you have something you want to have happen and you keep saying to yourself, “It’s five years off”, there’s a very good chance that you’re stuck. the way you might be stuck is that you really don’t know what you want. You don’t know what you need but there’s a gut feeling that you’re missing something and you’re not really sure what it is that you’re missing but you think that, over the next five years, whatever has to happen will magically happen and allow you to get to the outcome you want five years down the road.
Now, the truth is, that’s probably not going to happen. The truth is, unless you are clear about what you want and what you need, and what the gap is, from where you are today to where you want to be tomorrow, there’s a pretty good chance nothing is going to happen over one year, two years, three years, or five years because you really don’t know what you want or how you’re going to get to where you want to go.
Do you really know what your time frame is and why?
So here’s what I think you should do. The first thing you should do is you need to know this – that when something is five years off in your mind, ask yourself the question, “Yes, if this is really five years off, what’s my evidence? How do I know that I’m going to be able to solve this problem over the next five years?” And if you don’t have a good answer for that, you need to find out what’s going on? What’s causing that not knowing? If you don’t know, you need to admit and say, “You know, I really don’t know what’s going on.” Find somebody to talk to who can help you solve the problem. Find somebody that can help you start you down the road so you get yourself unstuck.
If you want to double your sales and you think it’s going to be five years off, there’s probably a pretty good chance you’re not clear on how to double your sales. If you want to retire in five years and you haven’t done a financial plan, there’s a pretty good chance that you don’t know if you’re going to have enough money to retire and you probably even have a gut feeling that you’re not going to have enough money to retire.
The whole point of this exercise is clarity
Now, I was with somebody recently and he said, “I want to do something six years from now.” Now, when I heard six years, I had a good sense that they may know what they were doing, and how they wanted to get there, and what it is they want to accomplish. And guess what? I was right. He didn’t say five years. He said six years. So, if you say one year, two years, three years, seven years, nine years, there’s a chance and probably a pretty good chance that you know what to do. But if you’re saying five years or ten years, there’s a better chance that you’re really not sure how you’re going to get to where you want to go.
If you find yourself in Perma-Five. You find yourself stuck. And you find yourself in the position that you’re really not sure where you need to go and how you’re going to get there, find somebody to talk to. Find a thinking partner. Find somebody who has been down the road you’ve been down and can help you get to the place that you want to get, that’s going to bring you some success. If you do that, I’m pretty sure your outcome is going to be way better than if you wait two years and that five-year project is still five years out.
Oh, by the way, if you find someone that can help you but you thought it was going to take five years, it might only take one year or two years. You know, for me, that’s a better outcome. What do you think?
This is Josh Patrick and I’m the head curmudgeon here at AskJoshPatrick. Thanks a lot for stopping by and I hope to see you soon.