Every owner and manager that run a successful business sometimes requires making tough decisions. Here are six tips for tackling those hard business decisions.
Don’t try to make hard business decisions alone. Consult experts and business partners for help, especially if you value their opinions and experience. This is especially true if they’ve been in or handled a situation similar to what you’re considering.
Consider Your Personal Goals
Remember to consider your personal goals as you make major decisions. How will the impact of the decision affect your personal life?
Consider the Culture
Remember to consider the culture of your company. Does the decision conform to your core values? Will it reinforce the original vision and mission statements?
Create a Deadline
Give yourself an end date for when the decision needs to be made. Otherwise, you may spend too much time agonizing over the possible outcomes. It also ensures that you will devote time tackling the decision, setting aside time to write down pros and cons and consult your trusted confidants.
It’s true that when you have too many choices, it becomes much more difficult to make a decision. Limit the number of options that are up for your consideration. Remember doing nothing is an option. This will help you focus more on the important details of the matter. Too many choices can also become overwhelming and lengthen the amount of time it takes you to come to a conclusion.
Consider the long-term effects of the decision that you make. Having the big picture in mind will give you more perspective. Also, keep the worst-case and best-case scenarios and mind, and maybe the right decision lives in the middle. Once you make the decision do not procrastinate move forward, strategically plan the execution of the decision.
Ready for your AHA! Moment? Call Allan Hirsh Advisors today!
At Allan Hirsh Advisors we believe in making a difference in the lives of CEOs and Business owners. We help you discover why you do what you do, understand your personal and professional visions. We ask questions, listen to you, give you feedback so you can make better decisions that align with your why and your visions and hold you accountable for your decisions. All this so you can improve your life and improve the lives of the people around you. If you are interested in taking your business to the next level then contact Allan Hirsh Advisors to learn how we can Create AHA! Moments for you.
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