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It’s sometimes necessary to make decisions quickly. But if you’re frequently skipping steps, you could be misdiagnosing problems and making decisions that don’t solve anything.
Sticking your head in the sand and just hoping it will go away isn't wise. Procrastination only causes problems to fester and possibly grow bigger.
For example, if you have two feuding employees, you may avoid confronting the issue in the hope they will work it out on their own. If they don’t, the conflict may grow and boil over.
To overthink a decision may cause you to miss time-sensitive opportunities.
Whether it’s due to fear or perfectionism, being indecisive and taking too much time to gather information not only affects the productivity of your business, but it also damages your employees’ confidence in you as a leader.