4 Tips To Make Smarter Decision Faster - by Wiktoria Skomra


4 Tips to Make Smarter Decisions Faster

Have you ever lost out on an opportunity because you just couldn't make a decision in time?
You were frustrated because you were losing the time and the opportunity but still you couldn’t decide so you have been left with the worst options ?
Don’t bother about it anymore! Luckily, this is a skill you can improve.

Here are four strategies to make it easier:

1.Set a Decision-Making Deadline
Give yourself a timer that helps you focus on the decision rather than having your mind wander and get distracted. With the pressure of a time limit, you’ll need to get to the heart of the matter faster and collect the pros and cons quickly, which you might not otherwise do.
       
2. Place a dollar value on your decision-making time.
It really helps if you can think of your time as money. Value your hours in dollars, and break each hour into ten slots of six minutes. Based on how much you make per hour, determine the dollar value of six minutes of your time. Six more minutes spent on this decision equals another $XX dollars spent. That should get you motivated to make up your mind!

3. Know the strategic objective
You may find it helpful to reduce the number of criteria that bear on your decision. Try to distil the key criteria into a strategic objective. Your strategic objective should fulfil one or two of the most important criteria

4. Embrace the Possibility of Failure
To become focused and make quick decisions, you must learn to embrace the possibility of failure. Failure is a part of our life. When making a decision, don’t try to avoid failure because honestly, you can’t. Don’t allow it to hold you back. Bad decisions can be recovered from and learned from, but not making a decision at all means we don’t get to determine how our lives unfold. A fear of failure means that something or someone will make that decision for you.

References:

Made by
Wiktoria Skomra, 8381

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