MBA 974 How to Make Big Decisions in Your Business

The $100 MBA Show

Omar Zenhom

Entrepreneurship, Business, Careers, Marketing

4.8 • 2.2K Ratings

🗓️ 3 April 2018

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

Decisions, decisions. Entrepreneurship means having more control — and more responsibility — than your average person. Sometimes, the sheer importance of the decisions you have to make can be overwhelming. All too often, the anxiety and pressure that comes with make-or-break decisions can lead to “analysis paralysis.” Today, we show you how to shake it off and make the call.

We have a precise we method we use to make the best possible decisions when the stakes are highest. By stepping back and putting the decision into a framework, you can get the perspective you need to reach a rational, properly analyzed conclusion. By applying our formula, you can anchor your decisions to the mission statements and personal goals that matter most.

Step out from under the pressure of emotional decision-making. Learn how to make the call with calm, confidence, and zero regrets. Click Play!

Transcript

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0:00.0	Heyo! Welcome to the $100 NBA show because your business depends on you getting better
0:14.8	with our daily 10 minute business lessons for the real world. I'm your host, your
0:19.5	coach, your teacher, Omar Zen Home. I'm also the co-founder of the $100 MBA, a complete business training
0:25.8	and community online over at 100 MBA.net. And in today's lesson you'll learn how to make big decisions in your business.
0:35.0	As an entrepreneur, as a business owner, you're making decisions all the time.
0:40.0	Several in one day, sometimes several in one hour.
0:42.0	But in today's lesson we're going to be talking about those several in one day, sometimes in one hour.
0:43.1	But in today's lesson, we're going to be talking about those big decisions, the ones that
0:46.7	will really alter the course of your business.
0:49.8	Like should you take on a partner, should you take on investors? Should you make that expensive investment in
0:55.0	talent maybe with a big hire or two? Or should you close down the business altogether?
0:59.8	These are big decisions and you need to have some sort of method, some sort of plan of
1:04.4	action when it comes to making these decisions. It's good to have some guidelines
1:08.8	that you can lean on to ease the pressure and make making these decisions a little bit easier for you.
1:14.8	You're gonna have to make these big decisions, but no one said it has to be painful.
1:18.8	I want to walk you through how I like to make big decisions, my methodology, so that when I do make that decision, I feel
1:25.8	content. I feel like, okay, I've done everything I can to make the right choice. That feeling
1:30.4	is gold. So let's get into it.
1:32.6	Let's get down to business.
1:38.4	Today's episode of the $100 R.M.
1:39.7	Show is supported by the running remote conference.
1:42.6	When we started our business, we chose to make our team a remote team.
	...

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