Sep 17, 2020
The ability to make decisions,
and make them fast, is critical for any entrepreneur, because very
often it’s the decisions you don’t make that will stall, or even
destroy, your business.
Uncomfortable, intimidating
decisions are the ones most likely to trip you up. It seems easier
to kick the can down the road than to make a decision that might be
wrong, or may hurt someone’s feelings.
But James and Dean will tell
you, from difficult personal experience, that the cost of
indecision is a LOT higher than you think.
Tune in to hear their personal
examples of when NOT making a decision cost them money and time,
and even handicapped their businesses.
Plus they’ll reveal how even a
decision that turns out to be wrong is better for your business
than indecision.
If you find yourself avoiding or
procrastinating decisions because the cost of making them seems too
high, too nerve-wracking, or too uncomfortable, this episode is
exactly what you need to stop spinning your wheels and make those
business-building decisions, no matter how intimidating or
difficult they seem.
Outline of This Episode
- What
NOT making a decision costs you [6:00]
- When
the gift of problem-solving backfires [12:30]
- The
“perfect decision” myth [26:00]
- How
other people factor into your indecision [30:10]
- The
gift of wrong decisions [38:00]
3 major points discussed
- How to tell when it’s decision time. This one seems VERY counterintuitive. But if
you’re 90% or more sure of your decision, it usually means you
waited too long to make it. Surprising, right? But when it comes to
your confidence in your own decisions, there’s a sweet spot to
shoot for. While no guarantee your decision is “right,” this sweet
spot will ensure you’ve given a decision enough thought, but not
more than it needs for you to make it. Tune in to discover exactly
how to tell when it’s time to pull the
trigger.
- Not all decisions are created equal. Some decisions aren’t worth the bandwidth we
give them. For example, what to eat for lunch should be a much
faster decision than whether to sell your company. Quickly
identifying which decisions are worth the extra time and thought,
and which ones are not, will skyrocket your decision-making speed.
Tune in to get James and Dean’s tips for quickly discerning whether
a decision is worth the extra consideration.
- You’ll NEVER please everyone. Avoiding hurt feelings is one of the top
reasons we avoid making decisions. But the reality is, it’s not
possible to make everyone happy every time. Case in point: James
shares a horror story about a meeting he attended where dozens of
people weighed in on a design project. It really got out of hand,
and made arriving at a decision impossible. Tune in to hear exactly
what happened, and discover the critical decision-making lesson
James took away from the project. If a desire to please others
impedes your ability to make decisions, just wait until you hear
this!
Resources & People Mentioned
Music for “Just The Tips” is titled, “Happy Happy Game Show” by Kevin MacLeod
(http://incompetech.com) Licensed under Creative Commons: By
Attribution 3.0 License
Connect With James and Dean
James P. Friel:
Dean Holland:
JTT Facebook Page - https://www.facebook.com/justthetipsshow/