How to make better Decisions…

HOW TO MAKE BETTER DECISIONS…

One of the biggest challenges of running a business is the sheer volume of critical decisions that you have to make as an owner. Whether that's hiring a new team member, setting the direction of the business, or adjusting your product or service mix. There are decisions throughout the business that you ultimately are responsible for.

In today's video, I'm going to walk through a simple framework that will help you make better decisions. When it comes to making decisions we can think in three different time zones and those are, past, present, and future.

And on the Y-Axis we've got the presence of that particular behaviour, so somebody who's high past is somebody who's looking back all the time. What did we do previously? They're somebody who's looking to the past to give them evidence about what they should do in the future.

Somebody who's high present is someone who's looking at the current needs. What is this business need right now? What do I need to do today?

And somebody who is high future is thinking and visionary terms. They're thinking what could this business look like in the future if there were no limits? For example.

And what you, I, and the next guy will tend to have is a pattern that looks something like this. So you may be high or low past, high or low present, high or low future, but if we were to map those behaviours there'll be a distinctive pattern.

Now the challenge with that pattern is, the presence of an extreme behaviour, high or low, can actually influence the quality of the decisions we're making and so all of these timezones actually have critical importance to making better quality decisions.

If I'm ignoring the past, then I'm losing the lesson of the past, if I'm ignoring the present, then I could be ignoring a need that the business has today, and if I'm ignoring the future, then there's no orientation on the big picture of where this business could actually be long-term.

What we need to do as business owners is a just some of these behavioral patterns, up or down, and in doing so, in thinking about the decision through those different lenses of past, present, and future, and all of those lenses simultaneously, then we increase the quality of our decision making.

So if you've got a decision to make this week and it's important to the success of your business, then try overlaying this framework on it. Bring in the past, bring in the future, and bring in the present, and you will make a better quality decision.

Trust that's been helpful team. If it has please give it a like, a share, or tag someone that needs to see it.

If you want to get more accuracy, a specific number on your behavioral tenancies in that area, then flick me a direct message.

We use a tool called AccuMatch. It's amazingly helpful in getting insight into the behaviours that may or may not be holding you back in business.