Posts Tagged ‘tips for making business decisions’

How to Make Good Decisions Faster

Friday, October 11th, 2013

Do you find yourself analyzing, cross-checking, gathering other opinions and in general, questioning whether or not you are making the best decision possible for your business?

Lee J. Colan, Founder of the L Group, posits in this article for Inc. that business owners can save themselves a lot of time by following the 80/20 rule.

He suggests that first, you should identify the top five pieces of information you need to make the decision. Then select the four that instinctively seem the highest in priority. Now, you will have roughly 80 percent of the information you need and can move forward.

What are the biggest stumbling blocks when you need to make a decision?