Learn five simple steps to making better decisions.
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- Title for your professional career, just as important as breathing is for life, which is why it's so amazing to me that people put so little thought into how we make great decisions. First thing I want to tell you is that there's lots of models out there. All of them are useful. Go do the research, find one that will be a structured guide for you and your team. Now, no matter what model you pick, I wanna help you take a step further. I'm gonna give you five simple questions that will make you a flat out better decision-maker. Five questions that will narrow the focus of what you're supposed to do, and make the impact of your decisions far more significant.
Step one, when you're making decisions and you're asking these questions is do I have time? Every decision is not created equal. Sometimes people habitually wanna use intuition to make decisions fast. Other times, they wanna make decisions after tons and tons of analysis. I want you to remember all decisions are not the same. Ask yourself when it's time to make the call, whether you're talking about who to hire, who to partner with, or what new strategic plan you should adopt, I want you to remember to ask first do I have the time to think through this systematically, or is it time to make a gut call, use intuition? The advice here is very simple.
Intuition is awesome, but first I want you to ask yourself how novel is this situation? The more novelty you see in this situation, the more its unique from things you've done in the past, the more intuition can actually hit you in the gut and be a problem. That's when you wanna step in and think through a model, a systematic approach to making a decision. Assuming you have some time, I want you to ask yourself something very honest. Ask yourself if I had several extra hours to invest in trying to analyze what I'm gonna do for this decision, would that time actually help me make a 20 or 30% better decision? If the answer is yes, maybe you consider investing more time.
If the answer is no, oh, it's time to make a call and move on because you're busy and you have things to do. Step one, ask yourself about the time requirements.