20 Nov 2022| ONPASSIVE
Formulating the Next Big Decision in Your Life and your Business
As athletes train their muscles to make quick and powerful movements that help them achieve their dreams, your essential “muscle” is the ability to make better decisions. If you are always stressed and concerned about decisions, then the good news is that you can train a muscle of decision-making.
You can become a fit and healthy businessman who makes smart choices, and a few tips you’ll find in the rest of this blog are a great starting point.
These strategies will enable you to tweak your personal system for making important decisions when they occur and allow you to make complicated decisions for business and life more natural, faster, and with less associated stress.
You may find it easy to make any decision if you are comfortable with listing the pros and cons of it. Starting with a list-making practice can be an excellent way to get out of your mind and on paper, the distinct upsides and downsides of any decision.
This is a method of establishing “emotional space” as it helps you see the situation clearly. And this can be a good place to start. It’s easier from there to get a better picture of just what you’re up against and have your course set in the right direction.
Action step: List out the pros and cons of your options. For example, if you decide whether to take up a new job, you could list “good money” as a pro and “less time at home” as a con. And then run this decision through the rational, logical part of your brain and decide based on the result.
Taking on the hardest challenges or decisions both in your life and your business would help you avoid “decision fatigue” When faced with so many different options, we always prefer the simple default option, which does not interfere with the status quo or current conditions. At a practical level, this means that the more choices we make during the day, the easier it is as the day goes at making things complicated as opposed to merely sticking to what’s convenient and straightforward.
Action step: To tackle this, plan to spend time on the decision-making process early in the morning, while a feeling of being mentally fresh adds to your advantage.
Some decisions come with deadlines built into them. But several other choices have no real deadline, and as a result, it tends to get delayed and delayed. In such situations of procrastination, create your deadline. If you are familiar with Parkinson’s Law, self-imposed deadlines force you to make a better decision.
Deadlines set by yourself compel you to make a decision. You might find that you are making a better decision, giving yourself an hour instead of a week.
Action step: Timeline your deadlines as close to the present as possible. Rather than giving yourself a month to do it, reassure yourself this week that you’re getting it done.
Think of what the worst could happen. This is one of the best practices made by many investors and business owners. It creates a picture that allows you to see the consequences of the decision clearly.
Approximating the worst cases is often called a nightmare creating, and it can be really empowering. Although it can sound negative, it actually liberates you from making more ambitious, forward-thinking decisions.
Action step: Ask questions and start exploring the answers; this can be a perfect emotional exercise for you to make the right decision. Here, you’re compiling the consequences if the worst-case did happen.
We often make better decisions when we are the best versions of ourselves because values always supervise our choices. It’s easy to become overwhelmed, hurried, stressed, or frustrated by options, and we tend to lose sight of what’s most important.
So, it is important to judge the consequences slowly and carefully using your moral principles before making any decision.
Action step: Implement your core principles into the choices you make every day. Jot down your values. Understand what these mean to you. Then practice using these for your decisions for business and life regularly.
If you believe that important decisions are going to affect your life and your business and try to tweak your choices for perfection, then you are on your first step towards success.
In the rest of your journey, you will find yourself in a similar situation and stumble upon various experiences both in life and business.
We hope this guides you to get through the tiresome process of decision making effortlessly.
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