As a business owner, one of the biggest challenges is anticipating future obstacles and making smart decisions. Our limited perception and information can hinder our ability to do so effectively. To combat this, I have found that using Decision Support Templates (DST’s) can be immensely helpful. These templates allow me to streamline the decision-making process by organizing the information I need to make informed choices. By answering a series of specific questions that are relevant to the decision at hand, I am able to determine the best course of action.
For instance, when it comes to making decisions about ad spend for my business, I ask myself questions such as whether we have the budget for it, what kind of campaign we want to run, and where and how often we want to promote. By addressing these questions and several others, I am able to make a wise and well-informed decision about whether investing in ad spend is the right choice for my company. This approach can also be applied to other types of decisions, such as hiring, team development, acquisitions, and implementing new technology.
Having a small team of people means constantly seeking the most efficient ways to do things. Using decision support templates allows me to quickly run through a series of specific questions and gather the necessary information to make an informed decision. This saves time and energy that would otherwise be spent on repetitive decision-making processes. Additionally, by sharing these templates with my team and ensuring that they are aware of the information needed for each decision, I can delegate certain tasks and rely on my team to provide me with the necessary data.
Implementing this approach also helps in limiting decision fatigue, a real phenomenon that can hinder effective decision-making. By reducing the number of micro-decisions that need to be made and focusing on more significant matters, I can conserve my mental energy for the crucial decisions that truly matter. By delegating information needs to my team, they can provide me with the most updated data, enabling me to make well-informed decisions without exerting unnecessary effort.
Anticipating future challenges and making smart decisions can be challenging for a business owner. However, using decision support templates can greatly enhance the decision-making process. By organizing and addressing specific questions relevant to each decision, streamlining the information-gathering process, and delegating information needs to my team, I can effectively anticipate challenges and make informed decisions efficiently. This approach allows me to focus on the bigger picture and save my mental energy for the decisions that have a significant impact on my business.
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