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Decision Making for Entrepreneurs

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Decision making is important for entrepreneurs or anyone alike. Procrastination often leads to bad decision making and requires more time to rectify when it happens. Here are some tips to help you take control of your decisions for your business.

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Decision Making for Entrepreneurs

  1. 1. RE:SOURCE FRIDAY LET’S MAKE DECISIONS!
  2. 2. “ WHICH TO CHOOSE? ”
  3. 3. Jan’s non-proven guide to MAKING DECISIONS RE:Source Friday / 6th January 2017
  4. 4. So, why can’t you make a decision?
  5. 5. IT’S PEOPLE. A combination of managing emotions, information overload and expectations.
  6. 6. IT’S YOU. A fear of rejection, #FOMO, lack of experience or knowledge.
  7. 7. So, what happens when you can’t make a decision?
  8. 8. NOTHING. (and worse…)
  9. 9. . UP PILED GET THINGS
  10. 10. You [decide] on “WHATEVER”
  11. 11. YOU MAKE MISTAKES And have no time to fix them.
  12. 12. So, what can you do to make things better?
  13. 13. Tip #1: STOP TAKING IN INFORMATION You need to stop confusing yourself.
  14. 14. Tip #2: TALK TO YOURSELF. Play out a conversation.
  15. 15. Tip #21/2: ASK YOURSELF QUESTIONS. Throw yourself a curve ball.
  16. 16. Tip #3: THE SIXTY SECOND RULE. Stop ‘thinking’ about it.
  17. 17. Tip #4: VOTE. Majority wins.
  18. 18. Tip #5: Prioritize, divide, and conquer. Get the low hanging fruits and create quick wins.
  19. 19. Tip #6: BUILD THE ’T’. Weigh the pros and cons.
  20. 20. Tip #7: MAP YOUR THOUGHTS. Visual helps.
  21. 21. Problem: I am lousy. Why? I can’t play the game as well as Xavian. Should I quit playing? 1. My ‘cool factor’ drops. 2. I’ve nothing else to do. 3. I’ve more time. 4. I lose my friends. If I play, how do I improve? 1. Look at tutorial videos. 2. Have a training schedule. 3. Ask Xavian.What are the consequences? 1. I’ve lesser time to work. 2. I can beat Xavian. 3. #foreveralone. Is it worth it? Why do I like playing? Why do I want to beat Xavian? [ ] [ ]
  22. 22. Problem: Should I learn analytics? Why? Daryll asked me to. What’s bothering me? 1. It’s time consuming. 2. Doesn’t seem as exciting. 3. I’m not sure if its what I want. What do I need to do? 1. Look at tutorial videos. 2. Read articles. 3. Learn the industry. How will these help? 1. Able to create strategy out of numbers. 2. Understand the industry. 3. Help grow the team. What if I don’t do it? Why do I prefer that instead? Is there something else I prefer doing? [ ] [ ] [ ]
  23. 23. “ NO ONE MAKES PERFECT DECISIONS. THE IDEA IS TO CHOOSE TO MOVE AHEAD. ”
  24. 24. THE END #MakingDecisionsIsProgress

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