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Over-analyzing information
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.
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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.
Take the time to step back and collect the facts. Make decisions that address the root cause.
- Focus on the outcome. Decide what your goal is. Be able to describe it, in detail.
- Look at problems systematically. Consider the problem from all angles, including process, expectations, and resources. Talk to credible and reliable sources. Often, the people closest to...
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 o...
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Recognize what happened and how you feel. Suppressing your emotions will get you nowhere. It’s important to first focus on how you feel.
You can also journal your emotions or speak with a close confidante. Or you can go to therapy, of you think it's right for you.
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It is important to take time out and analyze the situation and look forward to resolving an issue.
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Most decision-making errors boil down to:
- logical fallacies (over-generalizations, comparing apples and oranges, circular thinking)
- limiting beliefs (underestimations of what's possible)
- judgment biases (valuing certain factors above others)....
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