How to be more decisive in your business

How to be more decisive in your business

Everyone struggles with making decisions. There can be a lot at stake, especially when it comes to making business decisions but these high stakes are exactly why your business needs someone decisive at the helm.

The 3 traits of a decisive person

Focused – A decisive person has their eye on what’s best for the business in the long-run, not just what will benefit them tomorrow or what will be best for them personally.

Confident – Once they make their decision, they stick by it. This doesn’t mean they can’t admit that they may have chosen the wrong path, but they are confident that they were convinced their choice was the best decision at the time.

Well-prepared – They are ready for the consequences of their decisions, whether they are positive or negative. They’ve thought their decision through completely.

So how do we cultivate those traits?

  • Be educated: know everything there is to know about your business so that you know how your decision will affect every department. Be across the money, the sales, the administration, even if you don’t usually dabble in those areas.
  • Speak to others: you are not the first person to ever make a difficult decision. There is no need to pour your heart out to everyone you meet, but speaking to fellow business owners and finding out what they decided in similar positions can help you to discover the pros and cons to your possible decisions.
  • Explore your options: write down a list of pros and cons for your decisions, conduct ‘what if?’ scenarios. Do what you can to explore every option fully, leaving no stone unturned. There’s no need to overthink it and create mountains out of molehills but being thorough is essential.
  • Have a long-term goal: sometimes, decisions can cause setbacks in the immediate future but will actually benefit your business in the long run. Having the ability to look past the ‘immediate’ to work towards a bigger goal can help you to make the right decision, rather than the easy one.

Whatever you choose, be committed to your choice. Your business needs someone who is decisive and committed to making the right, and sometimes difficult, decisions. You can guarantee that you will make mistakes; it’s part of the process of decision-making.

If your business has some difficult choices ahead of it, we find it’s better not being done is isolation. Like-minded peers can be great sounding boards, have you thought about joining one of our supportive business networking groups?  Visit http://bxbusinessnetworking.com.au/

 

Small Steps For Big Goals

Small Steps for Big Goals

How often are we told to ‘dream big’, ‘reach for the sky’ and ‘make your dreams a reality’? These overused phrases may stir up motivation for some people, but even with the inspiration, it can be hard to know where to begin and how to tick off those big goals on our list. For many of us, our goals dissolve into failures. So how can we stop this cycle of dreaming big and failing big?

The Problem?

It is natural to be scared of big goals. Seeing them written down on a piece of paper is scary – because you’ll actually have to try and do something about it. We become unlikely to achieve the big goals, because we don’t want to start. We’re all lazy – it’s a common trait. Big goals require a lot of work and we shy away from that.

Most of all, we’re scared of failing. The bigger the goal, the bigger the failure and the more we will have to go back to our family and friends with our tail between our legs.

Despite our fear of failure and our laziness, we continue to write down big goals and we continue to ignore our most obvious path to success – small goals.

How do we fix it?

Most big goals will have obvious smaller steps you can take to start moving towards success. Think of your big exams at the end of high school; no one in their right mind would have walked into the exam room with absolutely no knowledge of what they were about to face. There were preliminary exams to prepare you, study days and classes, not to mention the 13 years of schooling prior to putting your pen to paper on that day, leading you towards the big goal of passing your final exams.

Each day you came to school, ready to learn, was a day that you moved closer towards that goal. It seems simple – that’s because it is.

Many of us tend to get in the bad habit of performing one big push at the end to try and get our goals over the line. Unfortunately, most of us fail when we do that. It’s actually a lot easier and more effective to do a lot of little things more often.

Smaller goals also work in favour of our fear of failure. The possibility of failing a small goal is much less daunting than failing a big one and there is always the option of trying again tomorrow. When we do succeed, which is more likely since these small goals are attainable, we celebrate our wins and gain the momentum we need to tackle the big goal.

Write down your big goal and then spend some time breaking it down; what can you do over the course of a year, a quarter, a month or a day to keep moving towards that goal.

A new mindset

At the end of the day, our big and small goals need to work together to get us where we want to go. Our big goals may not get off the ground if we don’t put the work in and get momentum but our small goals won’t get us to where we want to go if we don’t have a big goal so we can see where we’re going.

One of the major ways to achieve your business goals is to ensure you’re kept accountable. It can be informal – such as with a peer in your networking sphere – or more structured through a mentor. Start achieving your business goals, get in touch with Bx on 1300 068 229, or find out more about what we do here http://www.businessforlife.com.au/ProgramFindOutMore