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Decisive Thinking: Tips for Making Better Business Decisions


Making better decisions doesn't have to be difficult. In fact, it's not that hard if you know where to look. It all starts with knowing what your options are, understanding how important each decision is, how much time is required to complete them, and then having an open mind when making those decisions.

The more informed you are about these things, and the more data you have about which decisions should be made first, the easier it will be to make the right one. After all, your options are only limited by your knowledge. And, of course, we all make our own decisions when faced with a problem, but the ones that come from experience tend to be far superior.

In this article, I will show you some tips on how to make good decisions in everyday life and get closer to achieving goals. Let me share with you some techniques that have been proven effective, so read on!


1. Know Your Options


The very first step in any decision-making process is identifying which options there are. There are many different ways to do this. You may decide on whether or not a certain decision needs to be made. Or, you could simply take a few minutes to think about the pros and cons before deciding on anything. This information can help you prioritize the options and figure out the most important decisions.

One way to start is through brainstorming. Write down everything you can think of before deciding on something. Once you have written it down, go through each option in order of importance. Then, write down the pros and cons, and see how you feel about each decision. If none of the alternatives seem appealing, think about why it might be problematic. Don't forget to try again until you've reached an answer that still makes sense!

Another method is to consider each option and find out how much time would need to spend on it. Are there other options that could solve the issue? What's the deadline? Does this choice require a lot of resources? All of these questions can help you evaluate which options are worth taking on.

Once you've identified all of your options, it's time to discuss them. Discuss the pros and cons involved, and try to come to a consensus. If necessary, consult with others who have already done the same thing before. They can offer additional opinions, and it's always helpful to have their input!

Finally, you could consider implementing a strategy, such as outsourcing, delegating tasks, etc. These decisions can be highly beneficial because they allow you to focus on solutions that suit your specific requirements and avoid wasting time on unnecessary activities. Additionally, this kind of flexibility allows you to adjust in real-time without worrying about future commitments. Finally, don't forget to check out my list of best tools for project management, too!


2. Understand That Sometimes Things Need More Time Than Expected


Another key factor to keep in mind when making decisions is that sometimes times, the results may not turn out exactly as expected. For example, let's say a client ordered a large quantity of supplies, but they never arrived. Is this something that just won't happen? Of course, no. But it doesn't mean that the client shouldn't expect a refund.

On the contrary, it can mean that he or she has the wrong order, or that they are late at the last minute. Either way, the customer should be able to pay. The reason being is that they didn't have enough time and money to ship on time. However, if they're late, they'll likely lose all of their money.

The bottom line is that you should never make decisions based on impulse alone. Instead, you need to weigh the potential benefits against the possible costs to ensure that you're doing the right thing. In addition, always remember that making decisions quickly isn't always the smartest idea. Take a moment to analyze each option before acting.


3. Have Faith in Yourself


One of the hardest lessons I'm learning as an entrepreneur is that nothing comes easy, even though you may appear confident. We often put ourselves down, especially when we fail to reach our goal. This is where faith comes into play. Having faith in yourself means realizing that you won't always succeed and that you need to trust yourself to succeed.

One technique I like to employ is the Law of Attraction. Simply put, it states that as time goes on, things will become more beautiful. So, if you want to achieve something great, focus on doing the things that will bring about success in the long run.

To further support this point, you can also use positive affirmations and mantras like "I am worthy" or "I am capable." By focusing on your strengths rather than weaknesses, you'll be able to build self-confidence and stay motivated to succeed.


4. Be Open-minded


Finally, the biggest lesson I've learned in life is the power of open-mindedness. When confronted with new challenges, we naturally tend to close ourselves off and avoid conflict. However, by letting go of judgment and allowing new ideas to percolate, we open up to new opportunities or learn something new.

This is vital because failure to approach any situation with a critical eye is the reason we fall behind in life. Our minds are constantly busy processing old memories, thoughts, and beliefs, which leads us to miss opportunities and develop unhealthy habits that hold back our development.

One way to deal with this is by regularly challenging ourselves. Try setting small achievable goals and working towards them every day. Allow yourself to dream big, but be realistic enough to give yourself room to adjust.

Ultimately, by staying open-minded, you'll be able to overcome obstacles and move forward. Remember, everyone has limitations, and we all experience growth differently. With patience and perseverance, however, you'll eventually reach a level of excellence you've never experienced before.


5. Prioritize Choices


The next step is prioritizing choices. This means considering our options when choosing between two or more related options. Most people tend to look at the short term consequences or benefits first, especially when making decisions.

Additionally, we often neglect long-term goals, thinking that we would gain more satisfaction or fulfillment than we actually do. This leads to procrastination and ultimately failing.

However, the opposite is true. Short-term gratification tends to lead to greater happiness and overall well-being. As a result, it's important not to focus on outcomes that are less immediate, like financial rewards, career advancement, etc. Instead, choose options that bring you greater reward in the long term, like personal growth, relationships, etc.

In summary, prioritizing choices is crucial when we're faced with complex problems. Look at the alternative options available, and select the ones that provide the most value within your specific context. Doing so will help you avoid waste, improve efficiency, and increase productivity.


6. Don't Forget About Risks


Risks are inevitable in any endeavor, and they should always be taken seriously. However, it's important to recognize that some decisions may not always be straightforward. Therefore, it's important to accept the possibility of a bad outcome and strive to learn from them in order to grow.

One way to reduce risks is through diversification. While it may seem counterintuitive, investing in multiple areas of expertise can create more diversified portfolios with fewer risk exposures. Alternatively, diversifying your portfolio means spreading out investments across various investment strategies.

Another way is to diversify your sources of income. One way to do this is by increasing your income streams and reducing your reliance on a single source of revenue. Another way is to diversify sources of expenses, which can increase control over your spending habits.

Furthermore, keeping track of your progress and comparing your current situation to your original plan can help you make adjustments when needed. Lastly, having a backup plan in place can prevent you from losing sight of your original objective, regardless of circumstances. In summary, recognizing risks and preparing for them can help you reap the full benefits of your efforts.


7. Set Deadlines


In business, deadlines are often seen as unachievable targets. However, this is a false perception. Setting deadlines is vital and helps businesses stay focused on reaching their goals. First, define your deadline using the framework below.

Next, break down your task into smaller steps. Each task should include the following steps:

Set clear dates

Choose appropriate software tools (if needed)

Set realistic expectations

Ensure accurate feedback

Set milestones

In addition to breaking down the entire task into manageable chunks, you may also need to break down it into subtasks. For instance, if the task requires extensive research and analysis, it may be reasonable to break it into subsections, and then allocate individual sections to specific projects.

Finally, it's important to set a clear timeline for each task, including a deadline. This way, you can monitor your progress and ensure that you're on target. Moreover, by setting a deadline, you'll be able to establish a sense of accountability and ensure that you're meeting your obligations.


8. Avoid Judgmental Thoughts


Judgmental thoughts are a huge source of bias in decision-making. When people judge others or themselves, they tend to base their opinions on their own experiences and biases, which can negatively impact an organization's performance. Here are a few examples of common judgmental thoughts:

"He/she hasn't tried something yet."

"He/she isn't creative enough."

"He/she doesn't know what they're doing."

"He/she has no experience."

If you fall victim to judgment

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