How to Make Decisions in Turbulent Times
Today, let’s talk about you as a business owner and a leader.
COVID-19 has brought out tons of content for business owners – manuals, guides, how to move forward with your business, support it, build it, grow it, etc.
But today, we’re going a little more basic. Today, it comes down to you as a business owner and a leader.
Your ability to make decisions – that’s what matters today.
How to cut through the noise and all of the decisions to choose what’s best for you and your company.
So how can you make important and impactful decisions to set you up for success through such uncertainty?
I’ve felt some of the uncertainty myself, recently – especially with Seattle’s shelter-in-place orders. I’ve thought of strategic decisions, tactics, turning everything around, creating a new service line, and everything in between.
Needless to say, I’ve felt the chaos.
So here are a few of the things I’d recommend for taming the chaos and making good leadership decisions.
First, no good decisions come from stress or anxiety.
It’s not a good psychological or physiological state to be in – so if you’re in the place to make a decision, make sure you’re not forced into it by stress or anxiety. It’ll rarely be the right move.
The second thing is sitting on the decision for a day. When I feel the pang of needing to restructure, scrap plans, or make drastic decisions, I wait a day or two before pulling the trigger.
That’ll let you figure out whether fear (of the environment, economy, etc.) is dictating your decision. Is it a story you’re telling yourself?
Doing this will keep you from making shortsighted decisions that you’ll regret in the long run.
I recently sat with a decision. I took stock of everything happening in the market so that I could make adjustments and act with clarity.
This two-step formula has been helping me tremendously these weeks and I’m sure it’s something that’ll carry you through difficult times as well.
It helps to decide on investments, resources needed, team assessment, marketing messages/changes, and so much more.
So, if you feel you’re in a place of uncertainty… a cloudy, hazy spot of indecision, I invite you to try this two-step approach immediately.
You’ll notice that by staying the course and not acting rashly, you’ll feel much better about the decision you eventually do make.
Is the fear you’re feeling real? Perhaps you only need to make minor adjustments – something much less drastic than you’re thinking?
Take a day and make a calm decision.
I hope this was helpful. If you have questions about this or if you’re feeling unclear and you just want to bounce ideas off of someone, let me know.
I love chatting with you guys now more than ever, and I’d like to support the small business community however I can.
Connect with me for a free breakthrough call – I’m here to give guidance on moving forward and not to sell.
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