Making the Best Decisions for Your Business

But are you a good decision-maker? If you think you have some room for improvement, there are a number of steps you can follow to better your decision-making skills.

• Define, as specifically as possible, what the decision is that needs to be made.
• Write down as many alternatives as you can think of.
• Think where you could find more information about possible alternatives.
• Check out your alternatives.
• Sort through all of your alternatives and visualize the outcomes of each alternative.
• Do a reality check.
• Which alternative fits you?
• Get started.
• Check how it's going.

However, be careful, because there are some common mistakes people make when they are trying to make decisions for their business.

First, be careful not to rely on too much expert information, and at the same time, don't overestimate the value of information received from others. However, don't underestimate the value of information received from others, either. It's important to find a good middle ground in this area.

Also, you must not only hear what you want to hear or see what you want to see. Finally, don't ignore your feelings or gut reactions.