The Secret to Hacking Decision-Making in Business That no One Ever Told You!
- Aug 21, 2020
- 3 min read
Written by: Greta Konstantine, Executive Contributor
Executive Contributors at Brainz Magazine are handpicked and invited to contribute because of their knowledge and valuable insight within their area of expertise
As an entrepreneur, you are the one who makes all the decisions about everything in your business. Decisions that are not big but can help you a great deal. Decisions that big, and that could determine whether you fail or succeed. Even deciding to offer coffee or tea, or both, at your next meeting. It is all on you! You need to be good at making decisions! Like ... really good!
How do you do that? Well, the answer might surprise you. Decision making is all about being honest with yourself about what you can achieve right now and how. It is about being realistic. It is about understanding the repercussions of your decisions and actions (and the repercussions of not deciding or acting). It is about you! Your fears! And your ego!
You can’t learn decision making like you learn to repair a computer. Decision making is an internal skill. How good you are at identifying and handling your fears, limitations, and ego, directly impact the success and outcomes of your decisions.
The fears that you have of what might happen and how it will affect you are among the biggest contributors to decision making anxiety and negative outcomes. When fear of consequences takes over your mindset, it blurs your rational and objective thinking. This dramatically increases the chances of a negative outcome for you and your business.
The other extreme is overconfidence in certain situations, which derives from your ego. When the word ‘’confidence’’ is thrown around, it is usually associated with positive emotions and examples. Everyone wants to be confident all the time and have the confidence to handle every situation. However, if you aren’t honest with yourself about your capabilities and the reality of the current situation, you might end up making decisions that are going to create negative outcomes for you and your business in the future.
As World War II United States Navy Admiral Raymond Ames Spruance has said, "A man's judgment is best when he can forget himself and any reputation he may have acquired and can concentrate wholly on making the right decisions." Simply put, determination to make your goal a reality can mess with your critical thinking and vision.
So, the secret to being really good at decision making lies in investing in yourself, getting better at knowing yourself, and developing your mindset for success.
I find that President Eisenhower's Secretary of State, John Foster Dulles, best puts the spotlight on the direct correlation between mindset elevation and decision making: "The measure of success is not whether you have a tough problem to deal with, but whether it's the same problem you had last year."
So before you continue with your day, take a moment and ask yourself if it is possible that your current mindset is holding you back.
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Greta Konstantine, Executive Contributor Brainz Magazine
Greta Konstantine is an internationally sought after success mindset coach, dedicated to helping entrepreneurs around the world overcome their insecurities and conquer their fears. Greta’s journey started at a young age when a moment of mindfulness helped her tap into her own strength and the power of positive thinking. Since her teen years, Greta has focused on psychology, philosophy and mindfulness, while pursuing a degree in economics. She has served high-level management positions in companies in the USA, Denmark and Bulgaria. But Greta’s true passion was to start her own business, Intermindhub, where she now works with entrepreneurs to eliminate stagnation and burnout, create an empowering mindfulness style, and build sustainable business strategies. Greta has helped over a 100 people develop a successful mindset and give them the tools to change their lives. Greta is a Certified Life Coach and holds a Master’s in Science in Innovation, Knowledge and Entrepreneurial Dynamics from the University of Aalborg in Denmark. Greta truly believes that everyone is capable of tapping into their own power and changing their lives, just like she did.
