Perfect information rarely exists in the business world.
Especially BEFORE an important decision is required.
How comfortable are you making these kinds of decisions? And what framework do you use?
To avoid procrastination, here are some steps for moving forward confidently with incomplete data:
🔸 SET EVALUATION DEADLINES FOR EACH STAGE. Avoid a loss of momentum.
🔸 FOCUS ON YOUR DESIRED OUTCOMES. There are many routes to the same destination.
🔸 WHAT’S THE IMPACT OF YOUR DECISION? Simplify and articulate what you believe are the expected outcomes from your decision.
🔸 WHAT ARE THE RISKS? Don’t agonise over every minor issue; concentrate on a couple of material risks or concerns – and the mitigations of those risks.
🔸 TRUST YOUR JUDGEMENT. Uncertainty is guaranteed without knowing 100% of everything… something you will never know beforehand.
Over-analysis can cause doubt, delay and missed opportunities. Simple frameworks can speed up making decsions one way or the other. What’s your framework?
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