More money is lost through indecision than wrong decision.
As a leader it’s your job to make decisions. But we hesitate in making them because we are afraid of getting it wrong – just a little more research, let’s see what the market does, let’s ask the entire population what they think…before we make a decision…that we could still get wrong…or right.
All that these ‘in-decisions’ do is delay the inevitable. A decision has to be made at some point in the future. Kicking it down the road only uses valuable energy that could be put to better use moving forward.
‘But what if the wrong decision is made?’ I hear you ask!
Well there are two answers to this. The first is, ‘What if the right decision is made?’
The second is based on the stoic philosophies of Seneca and is held in Ryan Holidays book The Obstacle is the Way. In essence it asks, “What if making the ‘wrong’ decision was exactly what you needed to enable you to make progress?”
Every cloud has a silver lining.
Would love your thoughts on this here.