You can hesitate before deciding, but not once the decision is made

You can hesitate before deciding, but not once the decision is made

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Decision making is an inevitable part of entrepreneurship, and the most crucial too. Because today’s decision decides your future outcome. Hence taking into consideration the pros and cons of decision making its impact on others is important. Let’s get known of the stages of decision making. The stages in decision making can be broadly categorized as follows:

Outline your goal and outcome which will enable decision makers to measure exactly what they are trying to accomplish and keep them on a specific path.

Gathering data will help decision makers possess actual evidence to help them come up with a solution.

Brainstorm to develop alternatives thus coming up with more than one solution able you to see which one can actually work.

List pros and cons of each alternative, with the list of pros and cons, you can eliminate the solutions that have more cons than pros, making your decision easier.

Make the decision. Once you analyze each solution, you should pick the one that has many pros, and the one that everyone can agree with.

Immediately take action & once the decision is picked, you should implement it right away.

Learn from, and reflect on the decision making. This step allows you to see what you did right and wrong when coming up, and putting the decision to use.

The stages being clear to all, some of the tips that can help you in good decision making are as follows:

Try to distinguish and acknowledge the situation at hand. Identify the decision you want to make is the first step. Whether your problem is big or small you need to identify the specific problem in order to start making decisions.

Being in a bad state can increase your chances of making poor decisions. Being in a good state allows you to process more information and take others into account, too.

Review your information that you possess also make sure about the preciseness of the same. Once you have gathered all the facts you need to decide what is relevant to the issue.

Consider the outcomes of your decision and make sure you have gathered all the facts about information & are accurate too. Be sure to consider all your alternatives and what the consequences will be from your decision.

Do not make your decision on who is right or wrong, but what is right and not wrong.

Do not rush your decision making. Taking decisions in hurry is the worst of any situation, so it's best to avoid making snap decisions if at all possible.

Monitor your decision and make the necessary adjustments as you go along if you need to.

 
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