Category: Decision Making

4 Really Dumb Ways to Make Decisions That Derail Your Success

Filed under: Career Advice, Cognitive Ability, Decision Making, Good Habits, Professional Development, Psychology

Whether in business or in life, we all tend to have different perceptions of, or biases about, the people and circumstances around us.

There’s a degree of truth in the saying “perception is reality” but there are at least four false perceptions or biases that hinder our relationships, growth and success.

1. Associative bias.
This is a fancy term for linking unrelated events, patterns or outcomes together. While many innovators and entrepreneurs thrive and build successful enterprises making connections that other people don’t see, that’s a different type of mental leap than an associative bias.

An example of associative bias is throwing out the garbage, then realizing you can’t find your keys. The obvious reaction of many people in that situation is, “Oh my God, I threw my keys away!” They start pawing through the trash, when in fact they actually left their keys on the counter.

This is a time-wasting bias that causes unnecessary delays and rework.

Click here to read the rest on Entrepreneur >>

7 Ways Mentally Strong People Handle Stress

Filed under: Attitude, Behavior in the Workplace, Decision Making, Stress

While stress causes some people to crumble, mentally strong people continue to thrive in the midst of added tension. In fact, they view adversity as an opportunity for self-growth. Whether they’re dealing with financial setbacks, health problems, or workplace difficulties, mentally strong people don’t let stress drag them down.

Here are seven ways mentally strong people handle stress effectively:

1. They accept that stress is part of life.

While some people waste time and energy thinking things like, “I shouldn’t have to deal with this,” mentally strong people know that setbacks, problems, and hardships are inevitable. When stressful situations arise, they devote their efforts into doing what they can to move forward. Even when they can’t change the circumstances, they know they can always take steps to improve their lives.

Click here to read the rest on Inc. >>

7 Things You Must Do Before You Say ‘I Quit!’

Filed under: Best Advice, Career Advice, Decision Making, Your Career

Feeling trapped in your career is a lot like being trapped in a bad relationship. You’ve invested in countless years of training and climbing the corporate ladder only to leave you wondering, “How can I possibly get out now?”

And then what if you are really good at your job, where your boss loves you, you earn a six figure salary, and you’ve been promoted, but then you’re still miserable? Leaving a successful career for something more meaningful is incredibly difficult, but it can be done. It should be done, actually, because living a life without a meaningful career can put extreme stress on you, your family, and your health.

I know this all too well because I have been there. I have been an entrepreneur and my first company put me in $350,000 in debt. Despite its failure, I was able to rise above and start a new company that awarded me with enormous financial success. But even with all that money and buying my dream luxury car, something was still missing. I was 37 years old with a wife and two kids, and our new life of luxury had painted me in a corner. I needed to start over, and find a meaningful career, but I didn’t know how.

Click here to read the rest on The Huffington Post >>

9 Ways Your Colleagues Are Holding You Back–And 3 Ways to Stop Them

Filed under: ambition, Career Advice, Decision Making, Distractions

Sometimes it really isn’t your fault. People around you are keeping you from achieving success. Here is how to recognize them and fix the situation fast.

It’s true that people are responsible for their own experience, but others do have a role to play. The people around you may be giving and caring, but only to a certain point of self-sacrifice. At some level their own preservation and comfort will take priority and that may very well be at your expense.

The workplace doesn’t have to be completely adversarial. But you do need to be aware of those in your world, and watch for ways that they can interrupt your trajectory. If you mishandle the situation, the damage can be large and sustained. If you are alert to the issues and navigate them well, you can find ways to create a win-win for all involved.

Here are nine ways your colleagues can disrupt your journey and some tips for how you can resolve the conflict.

Click here to read the rest on Inc. >>

5 Reasons to ‘WHY’ say ‘NO’

Filed under: Attitude, Behavior in the Workplace, Communication, Decision Making

Are you over-stressed, over-scheduled and under-delivering be it at work or home? The reason is not you, but your attitude of saying ‘YES’ to everything that comes your way.

There are many read on how to gracefully say positive ‘NO’ but – ‘WHY’ say ‘NO’?

Former British prime minister, Tony Blair put it, “The art of leadership is not saying Yes, it’s saying No.”

Being an entrepreneur, it is really hard to say ‘NO’ to what comes your way. Especially if you are self funded and you are looking at means to earn for yourself or for the organization. While there may be dearth of qualified resources to delivery or may not be your competency, many of the opportunities you will feel are a natural extension of your business and can value add. You tend to get into unchartered territory (yours) and get boggled in it while your original business / vision / focus is suffering.

No is the key to defining your strategic focus and every important Yes therefore may require a thousand Nos.

Click here to read the rest on LinkedIn >>

Why You Need To Practice Communicating

Filed under: Behavior in the Workplace, Communication, Decision Making, Good Habits

“Success is nothing more than a few simple disciplines, practiced every day.” – Jim Rohn

“I have never met a man so ignorant that I couldn’t learn something from him.” ~Galileo

Every management guru and every book will tell you how important communication is, and many times they offer key things to specifically focus on getting from the communication. But one thing that I think many miss, and one of the most important things, is to actually practicecommunicating. If you want to get better at anything, you need to practice right? I think that since we’ve all been communicating since birth we take it for granted (yes our screams were communicating our dissatisfaction with something). You need to get out of your comfort zone and stretch your abilities as much as you can. If you aren’t working on a skill, just like a muscle, it begins to degrade. A couple of thoughts to guide us:

Click here to read the rest on LinkedIn >>

Is someone watching me? (probably)

Filed under: Behavior in the Workplace, Career Advice, Decision Making, Good Habits

Would you approach your job at a fast food restaurant the same way you would at a Fortune 500 company? You should, because in both roles, you never know who might be watching how you’re doing your job and how important their impression of you will be to your career. I’ve worked in some valuable roles for some amazing employers throughout my career, but I picked up some of my most valuable habits early in my career by working long hours as an unpaid intern. You think you’ll pick up those valuable traits after you reach a comfortable point in your career?

No, you definitely won’t.

First of all, there’s no such thing as a comfortable point in your career – even if you make it to the top, your status will be so perilous there that you won’t be comfortable. You always have to struggle to get where you want to go in life. After you get to the top, you have to keep fighting to keep your spot up there. That’s not all bad as your struggles make you stronger and less likely to collapse when tested. But get used to the fight because it never stops.

Success with a Moral Compass

Filed under: Career Advice, Decision Making, Good Habits, Success

Nothing worthwhile in life comes easy. You will never see success without hard work, determination and the ability to make tough decisions. Sometimes you have to be ruthless for the sake of the company, your employees and, of course, yourself.

But it’s equally as important to have a strong moral code and to conduct yourself in an honorable, honest and forthright manner. A reputation for fair play and integrity is priceless. Here are some principles that I have embraced while building three successful companies—with the third, RadiumOne, hopefully on its path to billion-dollar status.

Click here to read the rest on LinkedIn >>

When To Go With Your Gut

Filed under: Best Advice, Decision Making, Productivity, Quick Tips

As a general rule, gut instinct is nothing to be ashamed of. Quite the opposite. It’s really just pattern recognition, isn’t it? You’ve seen something so many times over your life or career that you just get what’s going on without a lot of deep thinking. Gut instinct is a deep, even subconscious, familiarity — the voice inside you that tells you “Go for it now” or “No way — not ever.” We would wager, however, that the most common gut call falls in between the two. We’re talking about the “uh-oh” response in which your stomach informs you that something is not right.

The trick, of course, is to know when to go with your gut. That’s easy when you discover, over time, that your gut is usually right. But such confidence can take years.

Until that point, we suggest a rule of thumb: Gut calls are usually pretty helpful when it comes to looking at deals and less so when it comes to picking people.

Click here to read the rest on LinkedIn >>

The Secret to Making Good Decisions

Filed under: Decision Making, Your Career

On the way to a successful career, decisions have to be made, some of which will prove critical. One good decision can have positive repercussions for years, but so can one bad decision. Where decision-making is studied – mostly at business schools and departments of government – there’s a kind of pseudo-science that has developed, in which the human element (subjectivity) is reduced as much as possible so that the rational element (objectivity) can dominate.

This tactic ignores the fact that all decisions are human – there’s no machine to make them for us – and history tells us that the greatest decision always involved a combination of human genius, passion, determination, and foibles. Emotions flared, for good and ill. In fact, when you read history, you become more and more fascinated by the human drama that unfolds – you might even say that history is nothing but drama.

But what does this mean for you and the decisions you must make? It means that if you want to make good decisions, you must plunge in and make them with full awareness of the human situation. If instead you try to reduce every big decision to a dry, rational computation, you will shut out the very things that go into a good decision.

So, what makes a good decision good? There are four human elements.

Click to read the rest on LinkedIn >>