When it comes to making large, influential and impactful decisions, the entrepreneur doesn’t always have the luxury of time. One of the greatest leadership challenges is making sound, carefully thought out decisions in the appropriate time frame afforded – whether it be a day, a week, or even five minutes. Part of this balance is to understand when it’s possible to buy more time and when it’s impossible to do so.
An entrepreneur makes multiple significant decisions on a daily basis. All decisions, whether large or small are important and not to be taken lightly. Large decisions have an important impact on your career and your company, while the smaller decisions are simply a step in the right direction. Even baby steps are beneficial since each small decision builds on the other leading to an overarching goal. Once the decision is thought through, the entrepreneur must communicate the action to be taken.
The volume and sheer magnitude of these decisions may leave some people confused and conflicted – at times these decisions are accompanied by anguish. But these decisions are not made lightly. When an entrepreneur carefully works through the decision process, builds on past experience, and learns from the mistakes of others, there should be no reason for anguish. One needs to be confident in their decision, but know when to react and adjust accordingly when things don’t work as expected.
While decision making is never easy, one must be comfortable making definitive choices. Talent, experience, and learning from the success and failures of others, allows one to make far deeper and better decisions within a restricted time frame.