Building a small or micro business takes a lot of time, effort and passion and there's nothing worse than realising partway through that business journey that you're not 100 per cent committed. While this process can often be very reactive, the secret to continuing your passion for a business is to engage in what entrepreneur Andrew Griffiths describes as 'conscious decision-making'.
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Someone with more than 400 companies under their belt, billions of dollars and a knighthood is bound to have made some good decisions in their time. Luckily for the rest of us, entrepreneur Richard Branson has shared his tips for making business decisions, to help out anyone who's trying to get where he's at now.
Predicting the future is near impossible -- but that doesn‘t stop us all from having a red hot go. Human beings have been predicting the future since the beginning of history and the results range from the hilarious to the downright uncanny.
One thing all future predictions have in common: they‘re rooted in our current understanding of how the world works. It‘s difficult to escape that mindset. We have no idea how technology will evolve, so our ideas are connected to the technology of today.
A few years ago I had the opportunity to hear General Norman Schwarzkopf speak at an event. He was the Commander-in-Chief of the US Central command and led the military in the Gulf War. He offered two pieces of advice to all aspiring leaders. When you’re in charge, lead. And do what’s right. But how does that translate for today’s IT leaders?
Major bottlenecks in businesses are often caused by indecision. It could be that a business owner is waiting on more data before making a decision on a big ticket purchase. They could be too busy to stop and make up their minds on something that needs to be done or perhaps they're easily distracted by new options that are presented to them. But avoiding the tough decisions that need to be made can paralyse a business, leading to lost opportunities. Here's some advice from small business expert Dr Greg Chapman to help business owners tackle the problem of indecisiveness.
Productivity isn't just about getting things done. At its core, it's about being resourceful with your time. In a recent interview with author Charles Duhigg, he told us, "You can spend your entire day being busy and not get anything important done. Productivity is about getting important things done." In his new book, Smarter Faster Better, Duhigg explores this fuller meaning of productivity and how to achieve it.
The average person makes at least 70 decisions a day. That number is likely to be higher when you're a small business owner. But you only have a limited amount of time and brain capacity to make decisions. One way to manage this is to go into "auto pilot mode" for smaller decisions throughout the day.
There are four different sets of guidelines on when you should start getting mammograms and how often you need them -- and they disagree with each other. A tool called Breast Screening Decisions can help low-risk women figure out what schedule is best.
Games like Settlers of Catan are "resource management games," where you make difficult choices and focus on long-term goals (like building the largest army). It's a lot like life: You have goals, opportunities, and decisions along the way to get where you want to go. You can apply that same game logic to make the right choices.
Our primary language is one rooted in emotion, and so our decisions are heavily influenced by the emotions surrounding the words we read or hear. Sian Beilock, PhD, author of Choke, points to a study that demonstrates how thinking and speaking in a foreign language can remove that bis and help us make more rational choices.
The Tools for Thought blog delves into a creative problem solving technique from Edward de Bono that isn't exactly new, but might be a fresh idea for recent converts to the Getting Things Done school of thinking. When faced with a problem or task, don't drive immediately toward a single solution, but do an "APC" on it—consider alternative causes or approaches, think up a list of possibilities for accomplishing or fixing it, and come up with a list of your choices. As poster Andre Kibbe explains:
Before spending too much time building what may turn out to be the wrong strategy, it's worth spending some time dedicated to generating alternative strategies, without elaborating on a particular one. After having a variety to choose from, focus on implementing the best elements of one or more approaches.
How do you implement APC thinking into your workflow? What other de Bonot-based thinking helps you tackle your tasks? Offer up your creativity in the comments.Alternatives, Possibilities, Choices