What is it that separates where you are right now from where you want to be? Will you achieve something massive, or get stuck in a rut? Will your career flourish, or flounder? Will you live a happy fulfilled life, or spend decades chasing your tail?
No matter who you are or where you find yourself on the road of life, your decisions are what got you there. So it shouldn’t be a surprise that learning how to make great decisions (not just okay decisions) can dramatically improve your results.
GREAT decisions produce GREAT results
Every day we’re presented with thousands of choices. Many are minor decisions about what to eat for lunch, or who to eat with. But we also face important, potentially life changing decisions every day too. Whether it’s decisions about how to execute a project at work, or how much money to spend on your new kitchen.
Studies show that great leaders are great decision makers. Great decisions are what help them build great companies. And when you’ve got as much riding on decisions as they do, you’d better make a good one!
The good news is learning how to make great decisions isn’t something you’re born with, it’s an acquired skill. Here are some keys to making your next decision a world class decision.
“Learning to make great decisions will take you further than any degree.” Click to tweet this.
Three simple principles to world class decision making
When it comes to leadership, nobody has studied more corporate leaders than author Jim Collins. In his latest book, Great By Choice, Jim dives deep on the traits and practices that make these leaders world class decision makers.
1) Make a decision, and stick to it
We’ve all been faced with a big decision with several choices. We weigh the options, pour over the potential consequences and outcomes of each choice, and nothing seems clear. Sometimes this goes on indefinitely and we never make a decision. Other times we make a choice, but continue to waiver back and forth.
Continuing to waiver on your decision even after you’ve made it can give you lousy results out of even the best decision. Conversely, committing to a decision you’ve made even if it’s not the absolute best decision, can squeeze out exceptional results anyway!
Next time you make a tough decision, have the commitment to stick with it and execute.
2) Take the right amount of time for a decision
People are naturally uncomfortable with uncertainty. When you’re faced with a big decision,often times one of the most stressful parts is not knowing what’s next. The natural instinct is to do whatever you can to eliminate the uncertainty, which is usually forcing a decision. At least the choice has been made right?
Forcing a decision too early typically results in a poor choice. Of course waiting too long to make a decision is equally bad. So what should you do?
Ask yourself when the deadline for making a decision is, and set that as your deadline for making the best decision you can.
3) Fire bullets first, cannonballs later
One of the reasons making a big decision is tough is often due to the risks associated with failure. What if you spend a ton of money on solution–1, when solution–2 is a much better fit? The fear is enough to paralyze anyone!
In those situations find small ways you can try out your decision on a smaller scale before you commit to something permanent. For example, if you’re working on creating a new product or service, create a “pilot program” to try things out with a few clients and customers first. You might find out you missed the mark and save yourself thousands!
Jim Collins calls it “firing bullets first.” Once you’ve calibrated your aim and have more confidence in your decision, then it’s time to load the cannonball!
Using these three simple keys can help you make world class decisions. The result of those decisions will be better, and more consistent success down the road.
And if you found this article helpful, please share it with your network. That’s how great messages spread!