If you run a business, then you have certainly experienced situations where you are not able to make a decision. You are not sure of the appropriate solution or unreasonably focus on details instead of a comprehensive overview. How can you achieve the final solution? Being smart and bright, although the obvious way, is not always the best way. Too many people connect decision-making with power and speed. However, there are much simpler and not as radical path for effective decision making. Here are four techniques prepared by the Business Matters website to help you make major decisions quickly and effectively.
Use smart data
We live in the information age. Data overwhelms, big data, demographic data, economic data... The information that can be helpful to you is either hidden or vice versa there is so much that will create a tangle in your head. Be ruthless. If you are going to enter the market with a new type of product do not spend too much time on historic product data.You will waste too much time researching the sales development of a type of customers who had bought something else entirely. Rather focus on information that will help you to stand out. Try to implement the findings from different markets or sectors.
Little people - big decisions
It is often said about someone working in a particular position, that he is too unimportant, too little, to be given control. You could be surprised. It is great to be a leader of hardworking employees, but as the company grows you gradually lose direct contact with everyday processes. It is easy to make decisions that will lead the company in the wrong direction, if the decision is about processes about which you have lost touch. Who knows these processes better than your employees? Listen and trust them with power. This will give you greater insight and you will have not a tendency to excessive micromanagement.
Welcome mistakes
"I never successfully complete a business call." "I cannot present to the public." Our brain has a tendency to generalize bad things and situations then you create anxiety and feelings of worthlessness. But it is not true. If you have a lot of responsibility, there is always a risk of failure. Your anxiety increases and you are prone to procrastination. Delaying matters may reduce the anxiety and your important decision has a better chance of being correct. If one decision is not, never mind. As we say, it is not life and death. One learns from mistakes, and if you fail a business call once or twice, it may mean that you will learn from previous mistakes the third time.
Notice trends
Sometimes it seems that every decision is the critical one that will determine the future. That is not every case. Imagine an investor who follows the stock market. Shares rise but also fall every day. There is always a temptation to constantly respond - to sell, to buy, to balance the portfolio. If you understand this situation, remember that in the making a decision you have to face situations that do not always require immediate attention. Learn to distinguish trends and developments from your anxiety to always control everything.
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