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Hub You - Taking Decisions - A 5 Point Checklist
With the country’s immigrant population booming, the need for bilingual jobs continues to increase. But how do you single yourself out from the crowd and effectively market your bilingual skills? An average of 880,000 documented people immigrate to the United States each year, and corporations are struggling to meet the needs of a pro
When in doubt better to arrive at the worst case scenario and prepare for the worst case scenario if things go wrong as a result of your decisions.
4. Seek Counsel
Sometimes when you agonize over the outcomes of the decisions and unable to take a proper decision it is best to seek counsel from more experienced p
Recently a group of franchise attorneys had come across a purported violation of the New York franchise rules and regulations when an unregistered franchisor had delivered a Uniform Franchise Offering Circular or UFOC to a New York resident, which was not in compliance with FTC rules and regulations or the State of New York.The
Decision making is not the ability to take the best guesses and works on strong hunches as some management guru’s make it out. Gut feel and instinctive decision making may sometimes be inspiring and work well but it is best for the professional manager to keep away from this kind of decision making.
How does one take decisions? Here is a five point checklist to take better decisions.
1. Information
Best decisions are of course made with the availability of quality information. Check whether you have all possible information and data available in the area where a decision is required. But don’t take too much time to gather the information. Sometimes it may help if you take timely decisions with all available information rather than procrastinating on the basis of unavailability of complete information.
2. Defining the outcomes of the decision
What are the desired results from the decision? It is best to define the outcomes from the decision making process and take decisions which would best give the desired results.
3. Worst and best case scenario
When in doubt better to arrive at the worst case scenario and prepare for the worst case scenario if things go wrong as a result of your decisions.
4. Seek Counsel
Sometimes when you agonize over the outcomes of the decisions and unable to take a proper decision it is best to seek counsel from more experienced p
Entrepreneurs often experience extreme highs and extreme lows. It is not uncommon for an entrepreneur to be sitting on top of the world one minute, but then feel like the sky is falling the next as market conditions rapidly change. For these entrepreneurs, it is always important to keep the big picture in mind. Likewise, it never hurt
How does one take decisions? Here is a five point checklist to take better decisions.
1. Information
Best decisions are of course made with the availability of quality information. Check whether you have all possible information and data available in the area where a decision is required. But don’t take too much time to gather the information. Sometimes it may help if you take timely decisions with all available information rather than procrastinating on the basis of unavailability of complete information.
2. Defining the outcomes of the decision
What are the desired results from the decision? It is best to define the outcomes from the decision making process and take decisions which would best give the desired results.
3. Worst and best case scenario
When in doubt better to arrive at the worst case scenario and prepare for the worst case scenario if things go wrong as a result of your decisions.
4. Seek Counsel
Sometimes when you agonize over the outcomes of the decisions and unable to take a proper decision it is best to seek counsel from more experienced p
Each week, small business owners gather in droves to the equivalent of the office water cooler – the networking event. Dressed in our most impressive garb, we make our way through the crowd anxiously preparing to answer the inevitable question, “what do you do?” While some enjoy the hunt for new connections others would
1. Information
Best decisions are of course made with the availability of quality information. Check whether you have all possible information and data available in the area where a decision is required. But don’t take too much time to gather the information. Sometimes it may help if you take timely decisions with all available information rather than procrastinating on the basis of unavailability of complete information.
2. Defining the outcomes of the decision
What are the desired results from the decision? It is best to define the outcomes from the decision making process and take decisions which would best give the desired results.
3. Worst and best case scenario
When in doubt better to arrive at the worst case scenario and prepare for the worst case scenario if things go wrong as a result of your decisions.
4. Seek Counsel
Sometimes when you agonize over the outcomes of the decisions and unable to take a proper decision it is best to seek counsel from more experienced p
Predictions of a paperless office began over 10 years ago, statistics show that 90% of the world's information is still on paper. Can that change? Will it? After spending more than 25 years in offices of all sizes, from one-person home-based businesses to the offices of the largest corporations in the world, I contend that a more imp
2. Defining the outcomes of the decision
What are the desired results from the decision? It is best to define the outcomes from the decision making process and take decisions which would best give the desired results.
3. Worst and best case scenario
When in doubt better to arrive at the worst case scenario and prepare for the worst case scenario if things go wrong as a result of your decisions.
4. Seek Counsel
Sometimes when you agonize over the outcomes of the decisions and unable to take a proper decision it is best to seek counsel from more experienced p
Your own mind is your worst enemy when developing that coveted "Millionaire Mind". Your mind never shuts up. You are always thinking about things without stopping. You are constantly talking to yourself. This is known as Self-Talk. There is no way to make your mind shut up. It is just the way it operates. But you can redirect th
When in doubt better to arrive at the worst case scenario and prepare for the worst case scenario if things go wrong as a result of your decisions.
4. Seek Counsel
Sometimes when you agonize over the outcomes of the decisions and unable to take a proper decision it is best to seek counsel from more experienced persons in your organization or industry. It may even be helpful sometimes take the counsel of people totally unrelated to situation. It may even be a friend or your spouse. One would be surprised at the creative solutions such people offer.
5. Take the decision even if undecided
Decision making methodologies can be evolved based on the 5 simple tenets outlined above. Time is a key element in the decision process. More opportunities are missed for want of a decision rather than wrong decisions. Keep these factors as a checklist and refer to them whenever you want to take any decision.
Remember it is better to be manager who takes some wrong decisions than be a manager who is indecisive and cannot take decisions. As Samuel Johnson said “nothing will ever be attempted if all possible objections must first be overcome”.
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