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The $100 MBA Show

MBA974 How to Make Big Decisions in Your Business

The $100 MBA Show

Omar Zenhom

Entrepreneurship, Business, Careers, Marketing

4.82.2K Ratings

🗓️ 3 April 2018

⏱️ 10 minutes

🧾️ Download transcript

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.

Transcript

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0:00.0

Hey-oh, welcome to the $100 MBA show, because your business depends on you getting better

0:14.9

with our daily 10-minute business lessons for the real world.

0:18.5

I'm your host, your coach, your teacher, Omar Zen Home. I'm also the co-founder

0:23.0

of the $100 MBA, a complete business training and community online over at 100mBA.net.

0:30.5

And in today's lesson, you'll learn how to make big decisions in your business. As an entrepreneur,

0:36.6

as a business owner, you're making decisions

0:38.3

all the time, several in one day, sometimes several in one hour. But in today's lesson, we're

0:43.6

going to be talking about those big decisions, the ones that will really alter the course of

0:48.1

your business. Like should you take on a partner? Should you take on investors? Should you make

0:52.5

that expensive investment in talent, maybe with a big hire or two? Or should you take on investors? Should you make that expensive investment in talent,

0:54.7

maybe with a big hire or two? Or should you close down the business altogether? These are big

0:59.7

decisions and you need to have some sort of method, some sort of plan of action when it comes

1:04.9

to making these decisions. It's good to have some guidelines that you can lean on to ease the

1:09.7

pressure and make making these decisions a little bit easier for you. You're going to have some guidelines that you can lean on to ease the pressure and make making

1:11.5

these decisions a little bit easier for you.

1:13.9

You're going to have to make these big decisions, but no one said it has to be painful.

1:17.8

I want to walk you through how I like to make big decisions, my methodology, so that when I do

1:23.0

make that decision, I feel content.

1:25.0

I feel like, okay, I've done everything I can to make the right

1:27.8

choice. That feeling is gold. So let's get into it. Let's get down to business.

1:34.0

Whatever big decision you're making, it often creates a sense of stress, anxiety within you.

1:39.5

Why? Because with big decisions, the stakes are high. You don't want to make the wrong decision.

...

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