Working From The Basement

They say there is no such thing as a good decision, but unlike what the accompanying picture says Indecision can kill a business.  Being able to make quick well informed decisions is one of the benefits that entrepreneurs have over their larger competition.  If you’ve ever worked for a large corporation or on a committee you know that sometimes even small decisions can take forever.  Endless meetings, missed deadlines and misinterpretations have killed or sidelined many projects.

It’s not that larger companies can’t make decisions, it’s just that sometimes their structure and policies can get in the way. That’s not to say that longer strategic plans shouldn’t be discussed at length especially when they affect their employees and the company’s long term health.  Also just because you are small you shouldn’t make snap decisions based on no information.  Take as much time as you need and gather all the information you can, do your research, ask friends and consult your peers.

So what happens if we make the wrong decision? Well then you simply make a new one to correct it the best you can and move forward.  I always go by the formula of 50, 50, 90 which means:  you have a 50, 50 chance of making the right decision, but 90% of the time you are wrong (just kidding, sort of). Making any type of decision is better than none, because if you don’t your forward momentum and enthusiasm may be lost. Sometimes making a decision is hard especially when you are unsure of which way to go, but take the responsibility and implement the changes as you see fit.

Just to make it clear Indecision is not the key to flexibility, don’t believe everything you read on a wet nap.

WFTB – Michael Lawson