GBP The Great British Procrasti-nation | Page 7

THE COST OF PROCRASTINATION TO BRITISH BUSINESS EACH YEAR IS £76,000,000,000 THE EXPERT’S VIEW Humans are highly motivated, so it’s strange that our inner demons cause us to procrastinate too. According to psychologists, Ferrari, Johnson and McCown, we procrastinate because of the assumptions we regularly make – both underand over-estimating how much time things will take us or how motivated we’ll be at another date (‘I’ll want to do it tomorrow morning’). These assumptions give us permission to stall. Insecurity and self-doubt can also play a major role in procrastination. If you feel something is overwhelming to do or that you’re not good enough to do it, you may well procrastinate and do something you find easier instead. 7