We all make bad decisions, but successful people course correct more quickly.
When successful people have enough evidence that they’ve made a bad decision, they don’t look for more. They fail fast, move on, and then they don’t talk about it again. They also fix fast.
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Successful people know when they’re not in a good place to make a decision and the consequences that might lead to.
Recognize when your ability to make good decisions is vulnerable, such as when you’re in a hurry, prideful, angry, lonely, rejected, inebriated, or tired.
Successful people have 4 strategies that help them clearly define what they want:
Decision-making works like a muscle: as you use it over the course of the day, it gets too exhausted to function effectively.
One way to avoid this is to eliminate smaller decisions by turning them into routines.
For example: Steve Jobs famously wore a black turtleneck to work every day. Mark Zuckerberg still dons a hoodie. Doing so frees up mental resources for more complex decisions.
Our emotions are obsessed with the present moment because it’s difficult to look past our immediate fears and anxieties. And this prevents good decision-making.
The sweet spot in decision-making is to find the short-term failures that enable huge long-term successes to happen in the first place.
The freedom of choice is generally perceived to be good, but studies show that too much choice can be a hindrance and can impede the decision.
On the contrary, having fewer choices has shown to provide more satisfaction to the decision-maker.
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