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How to Make Sound Decisions in a Time of Uncertainty
Making Sound Decisions in Times of Uncertainty
Have you ever been in a situation where you have got to make a decision but you are highly uncertain? To be honest, it actually happens to most of us at some point in time. This usually leads to us to waiting and postponing decision making until we can make the decision with a reasonable degree of certainty.
Although, it is not wrong to wait for a level of certainty before committing to a plan of action, it could make you end up putting your life on hold for a long time or even missing out on some great opportunities in life.
The point is, at some point, you have no choice but to make some decisions when you are uncertain. So the question is, how do you go about it? How do you make decisions in a time of uncertainty?
Especially when it is an important decision, such as quitting your job and starting your own business, or picking the next managing director at your company, or probably something silly like spending your last cash on that piece of chocolate.
Well, here are some helpful tips in making decisions in a time of uncertainty.
You Will Probably Never Be Completely Certain
One thing to consider when making decisions in a time of uncertainty is that there might never be a time when you are completely or absolutely certain. Have you ever wondered if certainty is actually an illusion?
In life, very little is actually totally certain, especially since we are always faced with changing circumstances as time goes on. So, rather than waiting to be totally certain before making that decision, have it in mind that certainty in that situation could be an illusion or just a state of mind and proceed with making that decision as soon as you can.
Delay Could Only Make It Worse
When you are in a situation of making a business decision but decide to wait until you have gotten all your fact straight, or until you are completely certain you could end up losing out on some opportunities or end up being knocked over by competition.
We all know the popular saying opportunities may come only once, and they need to be grasped immediately they come or you might never be able to do so again. To avoid delay, you could decide to give yourself a time limit and tell yourself, no matter what state the situation is at this particular time, I would decide on this or that so as to avoid delay which could be dangerous.
Also, think about it, delaying on making a decision might actually be worse than not making any decision at all.
See It As An Act Of Courage
Making decisions in times of uncertainty actually demands and builds faith in you, and it also takes a lot of courage. If you see it as such, it helps you in taking that decision in times of uncertainty easier.
Hence when you are uncertain about a decision, tell yourself that no matter what happens in the end, you would be able to handle it, and one way or the other you will benefit from it.
Understand The Situation
When you are about to make decisions in times of uncertainty, it is better to understand the situation as much as possible and get all the available information you can get. When you do that, tell yourself that as soon as you get all the available information you are going to make decision immediately.
State all the risks and the rewards and state clearly what you can and cannot do about any uncertain aspects, and then play out different scenarios in your head on how bad it would be if you delay any further in order to get all the facts.
Remember not focus on only what could go wrong but also focus on the best thing that could happen if you make your decisions immediately. Understanding the risks and rewards in whatever decision you eventually make, enables you to have a better plan on how to implement your decision and in addition makes you prepared for whatever incidents that may occur.
Make The Decision
At some point, no matter how uncertain you are, you are going to make that decision. As soon as you decide on what you are going to do, do not waste any time, start implementing immediately.
Do not waste time and energy worrying, rather start acting on what you have decided to do. After all, life rewards actions and does not in any way reward indecision.
Also, the only decision worst that you have already taken is not making any decision at all. Think of all the things you would be missing out or have already lost out because you avoided making decisions, and also if things don’t work out as planned, you can always adjust accordingly.
Abe Oluwasegun is a small business consultant. He blogs at Practical Business Ideas. You can mail him at catfishnigeria@gmail.com or follow him on Twitter here: @Agrodynamix
If Idea is Money Let’s Print a Trillion Dollars
Idea rules the world. From the popular social media to videos that went viral,all are just provoked by an idea. Things are changing,it shows in the employment line. It is evident that if you depend on a job you may soon have the shock of your life.
People are being laid off if not millions by the day.Why ? Because robot and sophisticated machines can work too. Robot too socializes on the social media. This year Facebook launched their AI (Artificial Intelligence ) to chat with you on messenger.Imagine trying to sign up and you are asked to enter a code to prove you are human not a robot.
I you are generating not ideas,you’ll be the consumer of somebody’s idea.They will make more money and influence the world while you become the spender and consumer. Where you are working now is made possible by someone or you who had an idea and went to work to make the idea work. Late Steve Job,the apple phenomenon stated, “we started out to get a computer in the hands of everyday people and we succeeded beyond our wildest dreams” .
Idea is even needed in engaging people on social media. For instance, on Instagram,one thinks of just posting pictures to receive likes and flattering comments but another thinks of how to make his/her picture a message that sells his/her business. It is all about idea.
Think Thoroughly, Think Through
Generating and producing an idea both demands thinking. You have to think through in your thinking for an idea to emerge. Thinking is a real work . it is both smart and hard work indeed.”Thinking is the hardest work there is,which is probably the reason why so few engage in it.”Henry Ford.
Are you always thinking of how to think ,or thinking about thinking? Well,one thing that I have observed is, we are always thinking but it is not usually concentrated. It is not focused on getting solution or result. Our thinking is so diluted because they are often confused with money problems, spouse headache, news this and that. All are just fuming like smoke in the head and the mind that they just vaporize at will.
You have to be the HOD ( Head of Department) of your thinking faculty.Let your thinking be focused so as to capture the solution, the idea and the way forward. Direct your thinking at something. There are enough of distractions out there, focus your thinking. Think intentionally. Don’t let whatever passes through your mind decide what you will think. Be intentional about your thinking.
Our thinking faculty is a research center,there you can choose to resolve,research and dissolve bugging issues . A whole new world can begin on your inside.You can generate a trillion dollars idea just by thinking. I think your mind is the place where you can create a world where you don’t need to pay taxes.You can even enter the white house without the security stopping you. You can create the kind of world you want to live in within you ,put your emotion into it and the whole of your being will want to be in that world with you. What you have within you is what you can make happen on the outside world.
Use the good thoughts by thinking on them again,then go ahead to make the outside world a better place. Not only can you think and grow rich but much more,you can think through and hit it.Think through to breakthrough. Thinking thoroughly and through allows your mind to be exercised thereby making it a mastermind. Thinking thoroughly makes your brain sweat so as to get rid of the dull toxins making it super smart and fit. Think to produce ideas that will speak volumes.
Original and Duplicate
Temptation arises when we see how much money and success some businesses or ideas have generated, we will start to think how to duplicate them, make something similar and wish we have the same rate of their successes.
Duplicating an idea is not bad ,it works at times but you’ll be able to see the difference between the original and the duplicate easily. If you want to use somebody’s idea, you should research it,innovate it and add more idea to that original idea to make it even better .People hardly go for a fake or photocopied idea .Build your idea from any idea that inspires you or generate your own via a creative thinking.
Naming your Idea
What makes big name in businesses and life? Is it the ideas behind them or the name on it own is an idea? I go with the later.Just as in naming ceremony where the father of a newborn baby have to decide and think a name up for the baby,the same happens in business too. Name is a big deal in business because it determines how your brand will be perceived, understood and accepted in the marketplace. I think Facebook wasn’t the first name given to Facebook when the idea came through, it was first called “Thefacebook“. Name sells ideas.I don’t like using any other search except Google search. The name branded the idea making it number one. Plus am so much at home with their innovation when I use their search engine. Google was first named “goooooogol“. Imagine the difficulty and pain that name would have cost that big idea. It shows that name is essential to make a trillion dollars idea printable (successful).
