As entrepreneurs, I believe decision making defines much of what we do. Some decisions are as trivial as “Who should I purchase my website domain from?” Yes, this really does not matter. But others are as significant as “Should I file as an LLC or an S-Corp?” Like most, I generally think I am a wise decision maker, but it’d be dishonest to say I haven’t had my fair share of mistakes. Making mistakes is a natural part of the whole experience, and they’re valuable as long as we learn from them. Our greatest successes will come from prudent decision making though. Here are some tips on how to do just that:
1) Find a mentor or consultant. Or a few.
Mentorship is huge. Having a “go-to” for questions or concerns is an invaluable resource. Experience is key, so it’s best to take the advice of someone who’s been where you are. Another entrepreneur who’s farther along is great, and someone who belongs to the same industry or niche is even better. The counsel of more than one individual can also be valuable, but be sure to seek more quality than quantity in this regard. The biggest thing will be trust, though. You must ensure that you can really trust those who offer any type of advice. If trust is missing from the equation, you may receive poor counsel, even from the most experienced individual.
2) Calculate everything.
I love to analyze statistics and work with numbers. I’m the customer or client who doesn’t just want to hear testimonials and read reviews, I want to see the cold hard facts and the numbers that back them up. I recognize that this probably isn’t the case for most others. Crunching the numbers might be a drag, but I guarantee that it’s worth the hassle. Well calculated decisions tend to be the right ones, and will give you the peace of mind you deserve.
3) Go slowly.
I conclude with this point because it is by far the most important. Doing all of the above will involve simply taking some time and going slowly. I can honestly say that the worst choices I’ve ever made resulted from rushed decisions. Sometimes, things just aren’t going as planned and we begin to become a bit impatient. Going slowly and “proceeding with caution” is often the best solution to making proper decisions. Your future self will thank you for this.
When it comes technology, let http://techsuitenyc.com/ guide you.
Samuel Corso is the CEO of TechSuite. He is passionate about bringing quality technology to business leaders and entrepreneurs.