5 tips for making good decisions as an entrepreneur

Entrepreneurship means having to constantly decide. Making good decisions is vital for all entrepreneurs who decide to set up a business or who want to grow their project. Many times we would like to know a priori if our decisions will be the right ones, but the reality is that this is not possible, and therefore we must face decision-making with courage. Everything influences and even small everyday decisions can affect the success of the company to a greater or lesser extent. For this reason, we want to share with you five tips that we consider to be very useful for making better business decisions.

1. Define your goals

As you well know, it is important to define where we want to go to get there. When it comes to making decisions, it will be very helpful. be clear about our objectives. This will guide us to the most suitable option. As Paul Arden said, “if you don't have a goal, it's hard to achieve it.”

2. Search for information, get advice, ask a lot

Every entrepreneur has had to make decisions about things that they do not know in depth, since a person cannot be an expert in all areas. To be able to accept this and ask for help, seek information or ask for advice can lead us to make better decisions and to be in a continuous state of learning that will enrich us as professionals. Deciding about something in the right way requires having all the necessary information, especially with regard to labor, financial, legal or other issues of which we do not have extensive knowledge.

3. Surround yourself with the best team

Meeting our objectives and even surpassing them will always be easier with good people around. Having an excellent team will help not only to have better results but also to make better decisions and have great advice. As Andrew Carnegie said, the secret to success lies in surrounding yourself with people who are better than yourself. Plus, being able to learn from those around us is fantastic!

4. Think and reflect

Before making a decision, it is necessary to stop to think and reflect. Although emotions often play an important role in decision-making, we must be able to put them aside and think about things in the cold, calmly and calmly. Letting ourselves be carried away by emotions at certain times, for example when we are euphoric or very angry or sad can cause us to make mistakes and make hasty decisions. Entrepreneurship has its ups and downs, and knowing that in moments of joy or anger, making decisions is not the best option can save us from making the wrong decisions.

5. Be flexible and have an open mind

Being open-minded prevents us from having a limited point of view. Both to learn and to make better decisions, evaluating different options and talking to people with a different perspective than your own is fruitful and undoubtedly a very good option to expand our vision of things. If something doesn't go as planned, it may mean that something needs to change, and being an entrepreneur means being willing to take that risk. No decision is black or white, so... should our way of thinking be? Definitely not! Thinking about new aspects of the same problem or situation will enrich the result.

Decisions and consequences

Last but not least, we must be consistent with our decisions. We learn from everything and as human beings it is normal not to be right in all the decisions we make. In many cases we will not be able to see the effects of a decision instantly, since the results could be perceived in the short, medium, or long term. We must be patient and trust that, following the advice above, we will make the best possible decisions. Once let's see the results of our decisions, we will be able to evaluate them to have a better judgment in the future in similar situations. We must enjoy entrepreneurship knowing that making mistakes is human and that sometimes things don't work out as well as we would like, but also trusting in ourselves and our ability to choose the right path. And if something doesn't work out, Michael Jordan says so... “I've failed over and over again and that's why I've succeeded.”