Growing a Business

Stop Obsessing Over Every Small Decision – Four Tips

Some of us simply can’t stop second-guessing every decision that we make.

It is not necessary that you always make the right decision. There will be times when you go wrong as well. That fear of going wrong usually makes many people think too much about every single decision. If you start second-guessing, you will find faults with every decision that you make. This in turn will procrastinate things and hurt your professional life quite significantly. Of course, with big decisions, the stakes are high and you can’t afford to go wrong. That does not, however, mean that you think too much and change your decision a number of times before closing the matter.

Here are four excellent tips to help you stop putting yourself in a dilemma every time you have to make a decision:

Incomplete Information

In business, you will mostly never have all the information you need to make a decision. Therefore, the chances of going wrong are high. However, it is important to let your instinct speak to you and listen to it. Another thing to remember here is that your competitors are also in the same boat. They have to make decisions in difficult conditions just like you do. No one has the edge.

Most Decisions are Reversible

If you are afraid of making the wrong decision you should remind yourself that there are only a handful of decisions that you can’t change and that will remain the same throughout.
Some optimistic people say that you never make wrong decisions. Every wrong decision helps you learn something or the other. Every step you take teaches you something. That is the approach that you should take because the consequences of most decisions are not brutal.

It is Highly Unlikely that your Decision will be Disastrous

Decisions can be bad but barely a few are disastrous. This is a continuation of the last point. You can more often than not replace your decision or make it better. You may see catastrophic consequences from one bad decision but that will not always be the case. Give yourself and your company more credit because you have it in you to overcome disasters as well.

Making Wrong Decisions if Fine. Being Indecisive is Unforgivable.

You are a leader and leaders should never be indecisive. When you make a mistake, people can forgive you but if you fail to make a decision all together, people will not like it. Indecisiveness is unforgiveable especially when it is a leader we are talking about.

Hopefully, now, you won’t feel scared of taking a decision.

Entrepreneurial Learning

Remember that indecisiveness is worse than being wrong. There are chances of going wrong but bad decisions are generally fixable. That is the reason why you don’t need to be overwhelmed with fear while making a decision. Obsession will only make you indecisive, which is very bad for your business.

Leave a Comment

Your email address will not be published.

You may also like

Growing a Business

Want Great Guidance ? Find yourself a Super Mentor

post-image

They are the gods of small businesses, those inspired individuals who have achieved the highest levels of success. They can be the shining beacons who light up the path of running your business with their vision, wisdom and wealth of resources and contacts. They are The Mentors.

If you are fired with the passion to take your business to great heights, the best thing to do is find yourself a super mentor. Here are some tips to help in your quest

Pinpoint your Need

Sit down and focus your thoughts on your business growth strategy. Which area of the business needs a lift. Is is staffing, is it the finances, is it the production, is it the your lack of customers or is it the business as a whole that needs a makeover. Once you’ve zoomed in on the sore spot, this is where you need…

Read More
Growing a Business

Dreaming Big? You can Move Mountains with these Business Productivty Tips

post-image

You may be full of admiration for some people who seem to manage themselves and their work so usefully and efficiently. They seem to fit in so much productive work into the same number of hours which everyone has.. Let’s look what makes them tick and take a few tips.

Learn to identify your most productive hours

Its true, most productive people know which time of the day they can be most creative and efficient. They identify and allot these hours for the best part of their work. This way they are able to give their 100% awareness to the job and business productivity.

Early to rise- A winning habit

Waking up early is a personal habit that has all the plusses on its side. You need not necessarily go to work that early. It’s a habit that gives you more time for personal care, like mediation, exercise, walking,…

Read More
Growing a Business

Leadership Qualities that can make you an Icon

post-image

You may have reached the leadership position through sheer dedication to performance and a do or die attitude . Now that you are at the top, your viewpoint needs to change. You have to now be a role model, one whom others will look up to and follow. Here are some tips that can shape your leadership and management skills

Be Competent: Employees will look up to a leader who has good industry knowledge and management skills. If you do not possess these skills you should surround yourself with knowledgeable people who can offer good counsel. Competence is a trait all employees will admire.

Be Trustworthy: No one will look up to a person they cannot trust. Your employees will want to rely on you and count on you. In difficult situations, leaders are expected to apprise their employees of the situations and find solutions on how to address…

Read More
Raising Money

Are You offering Your Services Using the Right Pricing Strategies?

post-image

In these times of fierce competition, business people , mostly those that offer services and belong to the service based industry, are finding it a challenge to implement the right pricing strategies. It is virtually a struggle to set the right business price that will retain and attract the customers, and not drive them away. Follow these tips, the crucial dos and don’t s and you may be in a much better position to offer your services at the best price.

Maintain your Business identity and Dignity

If you are offering a unique or special product or service, don’t underrate it just because you want to build a better relationship with the customer. This will just cheapen your offering as another run of the mill. If its something special you are offering the customer, then communicate this fact to the client and get the equation right with the most…

Read More
Raising Money

What is a Fair Wage? How Do you Assess Fair Wage?

post-image

How do you figure out a fair wage?

This is a very common question for startups and small businesses. They can’t seem to decide or understand how to set wages and manage reputations at a time. They are determined to pay well but they also have to think about encouraging their employees to stay with them for a long time. This is why there is a need to think strategically.

Listed below are a few expert tips to help you decide:

Don’t Focus Only on Money

Money should never be the main focus for you or for your employees. You should decide on the wages in such a way that your employees are tied to your business. When your business does well they should be able to taste that success and vice versa.

Also, think about additional perks such as exclusive benefits and time off. Many employees value this more than the overall…

Read More
Raising Money

Tips to Winning Hard Negotiations With Ease

post-image

While some negotiations are easy, others are quite hard to win. If you stumble you will lose.

Whether it is a potential client or an investor, negotiations can be very tough and frustrating. The problem is that the moment you let your frustration overwhelm you, you will lose the deal and you will give in to whatever is being offered to you. In order to avoid that, here are tips to overcome tough times and to win even the hard negotiations:

Research!

Know your opponent as well as possible. This is the rule no matter what you do. You should understand your opponent to the T. Who the person is, what his culture is, what he thinks, what he stands for, how is his network, etc. are the questions you should ask yourself and answer through research before meeting up for the negotiation. Understanding the opponent will give you a great advantage.

Walking…

Read More