Sometimes, to make a point, I like to make a bold statement that on its surface seems controversial, foolish or nonsensical. The intent is to cause people to pause and think. I often say “I never make a mistake”—then I follow up with the qualification, “but given additional information, I will often make a new […]
Decision Making
10 Steps to Profitable Strategic Business Decisions
Most entrepreneurs are so overwhelmed by the day-to-day challenges of their business that they rarely take the time to work on longer-term strategy (they work in the business versus on the business). As a result, strategy decisions are made in the same ad-hoc crises style as operational decisions, and the business suffers. Gut reactions are rarely the optimal solution […]
3 Secrets to Making Better Decisions
Business owners and managers always must rely on making the right decisions, both in terms of following trends and bringing innovative ways to make their business more successful. But dealing with the process of making decisions and making the right choices, with the risk of failure always present, is seldom an easy task. Many professionals […]
Decision Fatigue
We know what happens to people who stay in the middle of the road. They get run over. ~Aneurin Bevan So many entrepreneurs and managers have to make a continuum of decisions. So many people are so dependent on these decisions to be right as their well-being and their family’s well-being depends on this. However, […]
10 Characteristics of Transformational Leaders
In a previous article, we discussed how leadership impacts your organization’s ability to grow. Now let’s discuss some of the characteristics that leaders need to impact the growth of their organization. There are certain core characteristics the majority of leaders possess. However, there is also an additional set of characteristics that defines transformational leaders—leaders that have […]
How Do I Make the Right Business Decisions?
When it comes to running a business, big or small, there is no secret recipe for making the right decisions. And there is often more than one right decision—or no right decision, and just one that’s the best of all the options. But you can equip yourself with a few tools that will certainly help […]
Try to Look at Problems from Different Perspectives
Never let the future disturb you. You will meet it, if you have to, with the same weapons of reason which today arm you against the present. ~Marcus Aurelius As many of you know, I really enjoy hiking, especially in the woods. Nature constantly surprises me. Recently, I was hiking on the Bartram Trail, which […]
A Checklist for Better Decision Making
Whether you are a franchise business owner or an entrepreneur, the choices you make each day will have a huge impact on yourself and others. Make sure the choices you make are the right ones with this quick checklist.
Why We Have Fewer Choices in a World of Wider Choice
Whether as individual consumers, or organizations, there’s an interesting paradox. The number of choices we have is expanding at a huge rate.
Are You Too Emotionally Involved in the Decision?
Negotiating an agreement, especially one that involves personal gain, is tough for the person personally involved. There is too much to lose to be objective, to be willing to walk when terms go upside down.
