Every day, you make many decisions. From choosing meals for lunch, picking a weather-appropriate outfit, and finalizing a corporate deal, you have plenty on your plate at any given time. When we have multiple options when making decisions, indecisiveness can creep in. Of course, no one wants to regret opportunities lost due to wrong judgment and assessment.
So, can you get better at making decisions? Continue reading to find out ways to enhance your decision-making ability.
Making simple decisions are easy and fun. You simply add them to your to-do list and then check them off as you go along. However, when critical business situations aren’t as easy to make decisions on, delay can occur. To avoid this, dedicate some time each day to assess the risk, pros, cons, and most importantly, realistic outcomes of your possible decision. This is called a cost-benefit analysis. Make sure you consider the after-effects and consequences of your decision.
Narrow Down Your Options
Knowing that you have too many options or choices will not let you make a final decision easily. Also, more options can lead to regret as you consider the missed possibilities or opportunities. Narrowing down available choices can filter the best options to select from plus elevates FOMO (fear of missing out).
Be Objective and Shelve Your Emotions
Decision making often becomes difficult when you get too involved or invest yourself personally in the outcomes of your possible decision. But remember, you need to solve the problem objectively. The best way to do it is to list down the potential outcomes of the decision you intend to make and put all your emotions aside. You must focus on the facts, even if it requires accepting your shortcomings as you make decisions.
Always Do Research
Of course, making a good decision is not possible without doing research. It is especially true when you have to make major decisions. You need to put in a significant amount of time and effort to gather all the necessary details to lessen the chances of failure.
Seek Expert Advice
Remember that the problem that you’re trying to solve is unique to you. Many people have probably encountered and solved the same problem. If you know someone who has bumped up against this decision before, reach out for some assistance. If you don’t know someone, research some experts in the domain to see who may be able to help. This helps save you time and allows you to look at it from an approach you may not have considered before.
All in all, good decisions don’t follow rules. But you can still learn how to make the best decisions given the options available to you to make informed decisions.
Debi is a coach to high performers, leaders and business owners wanting to achieve more and grow beyond what they believe is possible. Known for her clarifying insight and a pragmatic approach, Debi brings her clients to the next step by asking the right questions during strategy development and supporting them during strategy implementation. With experience in management, recruitment and employee development for various industries, she has a wide scope of expertise and will confidently guide you towards a successful future in your career.
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