Was listening to the Foolish Adventure Podcast (one of my favourite business podcasts to listen to) and the topic they discussed was, decision making. They had some interesting points that I think I should be applying to my life and I am sure many visitors to this blog could also implement.
A great point made was that too many people question or second guess decisions and therefore delay action. They suggested that confidence played a large factor in this, which I agree with, I have had many times in my life when I have questioned if I am making the right decision.
I am one of those people who self analyses a lot. Every decision I make, every action I take, I ask myself why I did that. I have been trying to figure out for years why I am different to most people, who are completely fine working in a job for someone else that they are not even happy with.
Instead of questioning myself at all, I need to accept it and move on. Stop questioning yourself and your decisions so much. It will delay action. I only have lets say 50 years max left on this earth, and I don’t intend on wasting half those years simply questioning and delaying decisions. As they say … Fail Fast!
The key lesson I got from this episode is make faster decisions and stick with them and move on! This ties well into a book I am currently reading called Do More, Faster … which is all about the businesses that have come through Tech Stars, an angel investment firm in midwest US somewhere (Texas?)
The big decision for me of late has been the decision to quit my job and leave the country, move to the Philippines and try to grow a business there. I am constantly questioning not necessarily whether it’s the right decision or not (I know it is), but more so if it is the right timing. Eg, should I wait 6 months or should I go immediately?
Sometimes in life, decisions have to be made without the stars aligning, because most of the time the stars will never align. So just bite the bullet, make a decision and stick with it! Start living your life more decisively and stop second guessing yourself.
Decision making is an exercise that takes practice. The more you do it, the better you will get, just remember the opportunity cost when you delay a decision.
I know in my business I definitely encourage fast decisions and fast action, so the question to myself, is why don’t I do that in my personal life also?
If you do not listen to the Foolish Adventure Podcast, I would suggest checking it out. Tim Conley is really switched on, he certainly knows his stuff.