One of the qualities of a great leader is the ability to make a decision and to live with it. Some people are born with this skill, however most of us are incapable of making decisions and sticking by it. I believe taking the right decision is crucial for success. Here are a few points that can help you make the RIGHT decision and how to abide by it.
What is a decision ?
Before we start it’s important to know what we are talking about: Decision making can be regarded as an outcome of mental processes (cognitive process) leading to the selection of a course of action among several alternatives. Every decision making process produces a final choice. The output can be an action or an opinion. For this post I will mostly point out actions.
Some of the decision making techniques that we use in everyday life include:
- listing the advantages and disadvantages of each option
This is a smart way to start
- flipping a coin, cutting a deck of playing cards, and other random or coincidence methods
This is the worst possible way of taking any decisions
- accepting the first option that seems like it might achieve the desired result
Sadly a lot of people take the first option they think about because they do not believe there is any other way of fixing a problem.
- prayer, tarot cards, astrology, augurs , revelation, or other forms of divination
I am not even going to comment on this, don’t pray & don’t look for cards to make the decision for you.
- acquiesce to a person in authority or an “expert”
Why use an expect ? You are the expert at making your own decisions!
- calculating the expected value or utility for each option.
This is smarter, calculating the risk and personal desire is a start.
How to make and stand by your decision
1- Look at every aspect of the problem before making the decision
In most cases you don’t need to make a decision right away, so take your time and analyze every aspect of the situation. It’s very important to be neutral when analyzing the situation. If your decision affects other people, try to put yourself in their shoes to see how they would feel about it. Try to think about their objections and if they would appreciate it, as this can help you figure out if your idea is right or wrong. Nothing looks more unprofessional than having to back down on a decision because of discontent from other people (Our politicians makes this mistake quite often).
2- Don’t look back
Once you’ve taken all the necessary steps in making the right decision don’t look back, believe it’s the best choice possible and never open the door in your mind to change it. This is a mental battle but it’s very important to understand that once you open the possibility you can create it. I’ve talked about the creation process . For example let’s say you want to quit smoking, if you never tell yourself that you will smoke again or that you can, chances are that you won’t. However if you open the door in your mind that a cigarette would be good, only one won’t hurt and such, then chances are you will not be able to quit. In this situation you need to tell yourself it’s over PERIOD, never open the door to any other possibility. Our thoughts are our greatest friend but also our most powerful enemy.
3- Talk to people and seek advice (not an answer)
I am sure you’ve notice by now that in most of my posts I always seek other people’s advice, as in some cases it’s good to get help from our peers. For decision making you can also look for help, however do not find someone to make the decision for you. Ultimately you need to do that by yourself with the information you gather from your peers. Most of the time we are afraid of the outcome because it’s unknown, this is perfectly normal and we need to learn to overcome that. The more decisions we take the easier it is to make them. Just like anything else in life.
My last point is less factual but I also believe it can play an important role in decision making. Your gut feeling is also something not to underestimate, it’s very important to follow your instincts and what feels right. Most decisions in life will affect us personally, so if they don’t feel right there might be a reason for that. Trust your instinct and your judgment, as this will help you make the right choices in life. Remember each choice we made brought us to the point we are in life, every action has a reaction make sure you make the right actions/choices/decisions to achieve the desired goals.
How many times has this happened to you? You make a firm decision, whether it’s eating healthy or going to the gym, going back to school, starting that business, or even something as simple as reading pages in a book every day. You make the decision, but you don’t follow through.
Eating healthy, not eating healthy, gym, no gym, reading, no reading – life will be full of decisions. You will eventually find yourself on one road or the other. The point is you have to stick to one road – be consistent – and not keep changing lanes frequently.
Why don’t we live with our decisions?
If you are like me, you get super excited when you make new plans and decide to take action. For the first few days, and sometimes even weeks, you’re all in.
You plan, you buy everything that you need, you spend hours researching and scouring the Internet to weigh all of your options. You’re off to a running start. And you may even do very well for a short while. But then something strange happens. The excitement starts to dwindle, and before you know it, it’s completely gone.
That drive and passion you felt just weeks ago are nowhere to be found. You’re out of gas, out of steam, and before long, that decision has fallen by the wayside.
Call it wishy-washy or just a lack of willpower, you struggle with following through on your decisions. I too have struggled with follow through, even when it came to making important decisions about my health or my business.
We often know what needs to be done, but we still struggle with making it happen, even when it’s for our own benefit.
Here are four ways to strengthen your willpower and boost your mental commitment so that you can stick with your decisions and finally accomplish your goals.
#1 Build Your Self-Discipline
Building self-discipline is the same as building any other skill. It’s learned behavior and it requires practice and repetition. The great thing about this skill is that practicing self-discipline in one area tends to increase your overall self-discipline.
Just recently I completed a 21-Day Juice Fast where I lost 23 pounds in 21 days. While I was interested in the weight loss, I was more excited about the self-discipline that I developed through the process.
Trust me, I have never stuck to any diet or eating plan for 21 days. After years of yo-yo dieting and trying everything under the sun – from the cabbage soup diet to the boiled egg diet – I couldn’t stick to any one thing. I would make it 2-3 days before I threw my hands up and quit.
By sticking to the juice fast for 21 days, I was enlightened by the fact that I could make a decision and stick with it! This new-found confidence in my self-discipline and willpower spilled over into other areas of my life. I became more decisive, and it became easier to stick to my decisions because I had proven to myself that I could do it.
Where I once thought self-discipline was hard, I now know that I can make a decision to do anything and commit to following-through.
#2 Remember your ‘WHY’
There is always some compelling reason you made the decision in the first place- that is your WHY. Always remember that.
I have to be honest, the Juice Fast started out simply as a path to weight loss. But when I realized the health benefits and how taking back control of what I put in my body could extend my time on this earth, my WHY evolved and expanded. I started to realise how much my desire to be around my children and my grandchildren (when I have them) means to me.
We all need to care for ourselves to live the best days of our lives in good shape. When things became tough during my fast, and I no longer felt motivated, I remembered my WHYs to help push me through.
# 3 Drill down, get to the root
Ask yourself: What’s really stopping you from accomplishing your goals?
And then, deal with those issues. During my fast, I started exercising and walking every day. Before that, I had several reasons or excuses as to why I couldn’t exercise.
My drill down went a little like this:
Why can’t I exercise? Because I don’t have time, and when I do have free time, I’m too tired.
Why am I tired? Because I stay up late.
Why do I have to stay up late? Because I’m a night owl and I have trouble sleeping.
And on and on until I discovered that I needed to adhere to a tighter schedule that allowed me to go to bed earlier so that I could get up earlier.
So, you need to keep digging and going deeper until you find the root cause and you solve that problem. By going to bed earlier, I was able to get up earlier and add a 4-mile morning walk to my routine which doesn’t interfere with my work or my daily schedule.
So, ask yourself the why questions and dig deeper.
#4 Become actively involved in your goal
“Your decision is also a GOAL.”
If you decide that you want to become a runner, you should become a diligent student of the goal you want to realize. Learn more about running techniques, workouts and local running events. You might also want to become a member of a community of runners, or become engaged online with various blogs and forums on the topic.
When you do these things, you slowly begin to identify yourself as a runner, and when that happens you will want to run and do so gladly. In essence, you become the person you want to be, even before you really are.
While the tips I shared can help you with your follow-through and give you the mental boost you need to stick to your decisions, it’s also important to make sure that your choices are worth sticking to. Make good choices and decisions that support you, your goals and the person you want to be.
Also, let me know if there is a specific topic you would like for me to cover. I love getting your feedback and suggestions.
Remember, with the right Balance, Support, Determination and Action, every dream is possible. Your Dream is possible!
I would love to hear from you. Comment below to let me know how you put these strategies to use in your life.
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Do you ever feel like you have a hard time committing to your choices? Do you keep racking up day ones or putting off pursuing that next big goal? There are tricks to help you stick to your decisions and I’m going to share the top three here!
Go With Your Gut
There’s a reason that going against what feels right intuitively makes you feel physically unwell. It turns out that making emotional or feeling-focused decisions actually makes you more likely to stick to your decisions. So when you do something that goes against your gut, your body starts throwing up every warning sign it can. We’re programmed to stand by our decisions even more strongly when we make them based upon what feels right to us – even if it goes against what logic would dictate. Reich, the researcher in the study goes, on to say, “People need to know that the way in which they arrive at a decision has these consequences for how they actually live with the decision. If we face choices that are very important to us, that we want to protect, then we should probably go with our gut rather than deliberate.”
Make It Measurable
When it is hard to stick to our decisions it could mean we are overwhelmed by the scope of our commitment. Breaking that decision or commitment down into small, measurable steps can scale down the magnitude of our choice. This makes it much easier to see it as achievable!
Rather than focusing on the big decision – make micro-commitments. You can use an app like Productive to track your micro-commitments. This app is really helpful because it allows you to have a list of your micro-commitments and see your success. When you (and your behaviors) are being measured, it increases the likelihood that you will stick to your decisions. Who doesn’t like seeing their successes stack up?
Start Reading About How to Stick to Your Decisions
I have more tools you can use to stick to your decisions in This Naked Mind. Read the first 40 pages for free right now!
Indecision is the ultimate blocker when it comes to sticking with your decisions. You know what I mean. It’s waiting for the right time to do something. Or the right sign, the right mood. We all have a million ways to keep from doing things. All of us truly only do the things that we want to. So, in order to stick with a decision, we need to want it and to just do it. Once that choice is in motion, it becomes much easier to stick with it. Whether it’s stopping drinking, an exercise plan, meditating, or anything else – you can’t stick with it if you never start it.
One of the best resources I have found for sticking with decisions is to find others who are navigating the same choices I am. From business and relationships to parenting and exercise, I actively seek out and join groups that are focused on connecting me with others like me (along with experts on the subject) to help. If you’re looking to find a group that offers support with change, along with daily coaching and other resources – check out The PATH. You can try it risk-free for 14 days!
Feb 19, 2018 · 3 min read
“80% of decisions should be made the first time they come up.”
I remember when I first heard this advice from an audio recording. I was in need of motivation and didn’t want to hear music, so I clicked on YouTube and started listening to a Tony Robbins video.
It was one of his many videos. One thing he said that particularly hit me was:
“80% of decisions should be made the first time they come up”.
I can be very indecisive at times; In fact, I p r obably drive my wife a little crazy with my indecision. However, I am harder on myself because this is an area that I need continuous improvement. It’s not that I am afraid to make decisions, it’s that I want to do so much that I tend to overload myself with options and when it comes time to make a move I am still deciding.
One of my primary goals is improving this aspect so that quick decision making becomes a habit. I have read lots of articles on decision making, and I believe Tony Robbin’s tip was by far the best. By making 80% of your decisions the first time they come up you take action now and are not dealing with any lingering emotions or issues later.
Now I didn’t mind stalling on certain things like major financial purchases or big family decisions until I have all the necessary information. But the choices I was stalling on, were the small ones like what to eat, what to wear, or what movie to watch, and I would end up wasting so much time over a simple decision.
By getting into the habit of making 80% of my decisions as soon as they come up, I no longer have to deal with the mental clutter of a lingering decision to make. I am still not entirely doing this all the way, but I am practicing it as much as possible so that I get into the decision making habit more readily and often.
I noticed that since I have been doing this, I can trust my judgment a lot more than I used to. I don’t second-guess myself because once the decision is made, then I deal with the next situation or whatever comes up as a result of that decision. I am happier for that, and my wife is too. I know many times she was probably thinking to herself Teronie make up your damn mind already.
If you still face challenges in making decisions as I did here are some tips to use:
And remember this
Sticking to your decisions is incredibly important to develop proper focus and clarity towards achieving your goals. There are many important understandings here which will allow you to make the most from the decisions you make.
The Decisions You Make Are Permanent
You should never see decisions as something you can violate. Decisions are permanent and you need to follow through with your decisions with absolute skill and clarity in order to succeed. By seeing your decisions as permanent, you allow your whole focus to move in the direction of your goals. You become clearer as to what you need to do, and what you need to develop to succeed.
You Must Stick To Your Decisions At All Costs
When you make a permanent decision, you stick to it at all costs. You do this by eliminating all other possibilities in your mind and having only that one possibility (i.e. the decision you have made) in your awareness. This is true decision making and will become easier to perform the more experience and practise you have of it. Over time, your decisions will become even more solid and more refined, leading to astronomical levels of success as a result. This is a lot easier to do when you’ve made a true decision to change and achieve your goals. Only in true decisions do the right courses of action happen.
Decisions Must Be Followed Through With Action Right Away
Decisions that you make, when real, are always followed by action straight away. This would mean in the best case, writing up a plan of what you want to do, following the laws of diligence. In other words, you would set up a plan which you can diligently follow. This will allow you to implement your decision as easily and as quickly as possible. You will always be much more productive and efficient in carrying out the decision as a result.
It’s Best To Act Quickly And Efficiently
Acting quickly and efficiently means doing the things you need to do without fantasising, procrastinating or whatever. You simply get your head down and do the things you need to do. You put your full focus and attention into these things so that you are giving a full mental investment into it. This allows for the greatest return. When you seed with full creative energy, you get the return which full creative energy provides.
In conclusion, sticking to your decisions is incredibly important to succeed. It’s very easy to underestimate this, but by learning to make real decisions, you will see the absolutely enormous impact it can have on your life.
Your mind is tangled up. And you can’t untangle it. But you have to make a decision—like now. So, what’s it gonna be? Time’s ticking. Have you made up your mind? Make up your mind! Time’s up! What’d you decide?
When you’re an indecisive person, it’s really hard for you to make quick decisions (or any decisions for that matter). And when you finally do, you start wondering if it was the right decision. And actually, now you just know it was the wrong one—probably, at least you think, well maybe not.
And the tangle just gets tanglier. You’re overthinking it. And it’s feeding your inability to make decisions quick and effectively.
Stop it. Stop overthinking everything.
Try these nine things instead, tips courtesy of the Young Entrepreneur Council, to make decisions with confidence.
1. Don’t give yourself analysis paralysis.
Analysis paralysis is the state of overthinking. Many business owners tend to overanalyze and suffer from this state of inaction. You can’t spend too much time thinking about every little detail, including worrying about all the little things that could go wrong.
2. Set an allotted time.
While many people believe you should sleep on decisions, that leads to overthinking and insomnia for me. I like to set a mental timer in my head of two to four hours tops in which I need to make a simple business decision with the overall goal of making it in under two hours. This gives me enough time to ponder the pros and cons of the decision, review any information and even consult someone else.
3. Take the “lean startup” approach.
Often a good decision now beats a great decision later, but understanding the cost of a bad decision is critical. If it’s something that is easy to change later, make your good decision now. Get data, see how it works and then you can make a more informed decision down the line. It’s analogous to the “lean startup” approach. Get something out there to test and improve.
4. Use the 10-10-10 method.
Ask yourself if you will be pleased with your decision 10 minutes, 10 months and 10 years from now. This strategy makes you consider the short-term, medium-term and long-term consequences or, hopefully, benefits that come with your decision. I’ve found that the more you apply this technique, the more confident you’ll become at making quick decisions because you’ve considered all time frames.
5. Write it down.
It’s the first thing my mentor asks when I suffer from indecision: “Did you write it down?” The clarity attained from writing down the problem and potential solutions should not be underestimated. Once the list has been created, it can then be beneficial to phone a respected colleague and run through the list with them.
6. List the pros and cons.
By writing the pros and cons of a decision and its costs and benefits, I can transition the information out of my head and into simple statistics. Once I have the pros and cons in front of me, especially if it’s matched to a mind map of our current tasks, then we can see if a particular decision is beneficial for the big picture.
7. Hit the history books.
Not the literal history books, but there is bound to be something out there that has a connection to what you’re currently experiencing. Research business decisions, either from major corporations or from your business-owning friends to judge what is really the most likely end to whichever path you take. Understand the consequences as completely as possible to get the noise without the static.
8. Call a friend.
Most decisions in business are simple. The thing that differentiates businesspeople from others is a willingness to make them. If I’m starting to overthink things, I call my brother-in-law, a plastic surgeon with zero business experience, but great common sense. He’ll come to a conclusion quickly, explain his reasoning and it will suddenly seem much easier to act upon.
9. Trust your gut.
My gut has never failed me in making a decision in my companies. I always trust my gut. Anytime I have not, I have been wrong. Thinking accesses the logical part of the brain, but at the limbic level, if there is a feeling telling me something different from my mind, I always lean that way.
Young Entrepreneur Council (YEC) is an invite-only organization comprised of the world’s most promising young entrepreneurs. In partnership with Citi, YEC recently launched BusinessCollective, a free virtual mentorship program that helps millions of entrepreneurs start and grow businesses.
Should you trust your gut? A new study co-authored by Yale SOM’s Taly Reich finds that decisions made on the basis of feelings hold up longer in the face of new information than decisions made deliberately and rationally.
In early April, the Daily Northwestern, the student newspaper of Northwestern University, published an article about high school seniors making their college decisions in the middle of a pandemic. No campus tours. No in-person interviews with current students or visits to the classroom or opportunities to evaluate the relative plushness of dining halls and dorm rooms.
One senior from Plantation, Florida, instead poked around online. She found a Facebook group of admitted students and liked their “spirit and camaraderie.” Left with a good feeling, she decided Northwestern was the right fit. “Maybe it was meant to be,” she said.
Maybe. But how will that gut feeling hold up over a four-year college career? Will this Floridian graduate from Northwestern, or will she eventually start to regret the choice that she made and look to transfer?
A new study co-authored by Yale SOM’s Taly Reich and Sam Maglio of the University of Toronto may help to answer that question. The study seeks to understand how the way we make decisions affects whether we change our minds over time.
Read the study: “Choice Protection for Feeling-Focused Decisions”
“A lot of literature focuses on how you arrive at a decision and what effect that has on the decision you make,” says Reich. Do people make better decisions when they make them deliberatively and rationally or when their decisions are rooted in emotion? Reich and Maglio’s study tackles this realm of inquiry from the other side of the timeline. “The unique thing about our paper is that we instead look at the post-choice phase: sure, we make a choice, but then we’re exposed to all this new information, to other options that can threaten the choice we made. How do we protect our choices in the face of that?”
In short, Reich and Maglio examine the relationship between the way in which people make a choice—whether they make it rationally or emotionally—and how stubborn they are in defense of that choice.
The researchers used seven experiments to explore that relationship, and in every case they found that people are more protective of a choice when it is made based on feelings. In one experiment that explores regret, participants were asked to choose one of three digital cameras based on several distinguishing technical characteristics. One group was asked to use their “intuitive gut feeling,” the other group “deliberate, rational analysis.” Participants were then randomly assigned to a scenario in which the day after their hypothetical purchase they read a consumer report that either boasts about or denigrates the quality of the camera they chose. Those who chose a camera based on their feelings experienced less regret when told they’d made a bad choice. (This group also more readily dismissed the competence of negative reviewers.)
Another experiment demonstrated greater perseverance among people who tried to solve visual puzzles with their gut instinct. To test this, Reich and Maglio showed eight related patterns and asked participants to select the ninth in the sequence from a set of options; in this case, however, the correct answer had been removed. One group was asked to select their best guess based on what they felt was right, and the other based on deliberative analysis. Those who selected an answer based on feelings were more likely retry the puzzle even though they had gotten the wrong answer the first time.
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“What we document is a basic effect where deciding based on feelings seems to offer people more choice protection,” Reich says. Several interesting implications flow from this result. For marketers, eliciting decisions that are based on feelings rather than rationality could secure a stronger allegiance among consumers. This could be achieved through a range of subtle tactics, like using visuals instead of words, or colors instead of gray-scale.
For consumers, the study suggests that choices that require steadfast commitment should perhaps be made with emotion rather than deliberation. Consider someone trying to decide on which exercise regimen is best. Rather than weighing pros and cons, perhaps they should simply follow their gut in order to encourage themselves to make a long-term commitment. On the other hand, choices that are dynamic, requiring frequent reconsideration and an openness to revision, should be made rationally.
“People need to know that the way in which they arrive at a decision has these consequences for how they actually live with the decision,” Reich says. “If we face choices that are very important to us, that we want to protect, then we should probably go with our gut rather than deliberate.”
Hi everyone, I hope you all are doing good and taking care of yourselves. This article is aimed at an audience that is relatively new to crypto or takes emotionally driven impulsive decisions just like I used to do. So, if you are one of them then read ahead.
If you are still here, you are new or may be emotionally driven, and let me tell you that both of these conditions are perfectly normal. Everyone goes through these situations and they can be managed by experience. When I started my crypto journey back in November 2020, I was emotionally driven to and made some unfavorable decisions during the XRP debacle, which I have shared in my article, Lost 80% of my capital || Sharing my novice trading experience. But here I am more trying to be more analytical with my decisions and it’s been only 7 months. To be honest I never thought that I will start blogging but I thought maybe sharing my experience will others too and I’m also getting some crypto by doing this, so why not.
Do Your Own Research(DYOR)
Now the most important part is to learn because if you don’t know about it, how are you going to take it further. So, how can you learn, well the best thing is to do your own research and this is the most important thing for everyone out there. Don’t get caught in the hype of crypto and just bought it for the sake of profit. Of course, profit is why most of us are here but before investing do extensive research. This may sound a bit schooly but this is base and you have to build it. Read about the project, the coin, or the token., check if it’s a legit project and not a scam because scams are everywhere. Use only trusted websites such as CoinGecko, CoinMarketCap, Binance Academy, Binance Research, Crypto Block, and there are many more out there.
Learn From Others
This comes in very handy because there are so many projects out there that if you take a project per day to analyze, you’ll not be able to cover them all. That’s why you have to learn from others. Now, this is a double edge sword because this is reality and everyone is not concerned about others, and maybe me too who knows. Trust them who you personally know or who have built their credibility over the years. But use their words as reference or get introduced to new projects and start exploring them by yourselves before taking any action because it’s you who has to make the decision in the end, so, always do your own research.
Keep An Eye On The Elephant
Now you don’t have to go to the forest, the elephant is just a metaphor for everything you are going to invest in or have already invested. This is really important as when you’ll be drinking your coffee may be a piece of unfavorable news or just a rumor about your token(s) is destroying everything. Follow some crypto channels or websites, podcasts, or even Twitter which plays an important role in today’s world. Keep tracking the project for its updates or downgrades to get an idea of how the project can perform in the future.
Set Your Limits And Avoid Immediate Trades
If you want to succeed at anything then it is very important to acknowledge your limits and then keep pushing them, that too has a limit. So, set limits for how much you can spend on crypto whether it is buying, selling, trading, or even staking. Set your entry and exits limits for trades. Now what I mean by immediate trades, basically when we lose any trade or something goes as not planned we tend to recover it immediately and that’s when we make immediate trades. Trust me it’s real because I experienced it myself and because we have access to trading on our mobile this happens more often. Always keep your focus on your limits.
This is also an important rule for investing, always try to invest in a different category or type of assets. So, that if one goes down, you don’t lose everything. Use different platforms also because cyber attacks on these platforms can demolish everything. Diversification can also prove really efficient as if a token or certain set of tokens starts pumping, this could drastically pump your portfolio.
Analyze Your Decisions, Spendings, And Earnings
Analyze everything in crypto before making a decision. Always analyze projects for their use cases, the business model, what they are doing differently from their competitions, and more. Make a record of your spendings in crypto for every trade you make, buy order, or any other investment. The same goes for earnings, profits every sell order, or interest from staking. This will help you to track everything and also to stay within your limits.
Analyzing cycles and charts is also necessary and should be done gradually but always try to analyze the market and catch the sentiment of the market.
Breaks And Time Management
Everything mentioned above this is a waste if you don’t follow this one. Taking regular breaks is the most important thing and gives you time to analyze better. Don’t stick to your screens for hours try to interact with the physical world, do exercise, spend time with your family and friends. Learn some other skills or try to expand your horizon. Make a schedule for research sessions, like on weekends or whenever you feel comfortable, time slabs for daily updates, this all counts, makes you a more relaxed person and this is one thing which you don’t get to feel every day
This is all for today, make sure you try to follow these sort of rules or instructions. And don’t worry everything will be just fine if you keep evolving both emotionally and professionally. There’s a lot more to add to this list and you have to learn it, so do your own research and always try to learn something. You can also give your suggestions in the comments. If you want to know more about the importance of break and analyze then check out my article, S̶T̶A̶R̶T̶ | PAUSE | LOOK AROUND | ANALYZE | PRIORITIZE | START!.