Learning to make good decisions in business

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Photo by Tim Gouw on Pexels.com

For a lot of people, being asked to make decisions within a certain time frame is one of the hardest experiences they may ever face in life

If you fall into the above category, you are not alone. There are many people suffering from this problem, including yours truly, at a point in my life, being asked to make decisions which was pivotal to my business success or failure was quite difficult for me

This is when having a business mentor can be very helpful but if you don’t have one, you will need to learn how to make the best decisions in the shortest possible time.

Recently, I had such a task to undertake. I had to make a crucial business decision and I was given limited time to do this. For people who are naturally decisive this would be no problem but for some who are not born risk takers, we have to think through every decision we make to reduce the level of risk which will result from it

Therefore, to arrive at the best possible decision for my business, I got a piece of paper, and wrote down every possible result of the decision I had taken. I separated them into advantages and disadvantages. Then I also analysed if the positives involved in the decision outweighed the negatives, fortunately it did in this case and I never regretted the choice I made.

I’ve used this method a number of times before and I have always made the choice that gave me the most peace of mind. If your business is owned by two or more people then you will need to call a meeting of all parties involved and follow the procedures stated above

Making the best decisions for your business as an entrepreneur is crucial in ensuring its success.


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