“I don’t think I can do it! This whole situation is making me feel ill! I wish I knew which direction to go in!”
Sound familiar? Do you procrastinate?
Henry Ford said: “Whether you think you can, or think you can’t. You’re right.” In other words, what we believe can end up being our reality. The trick is to change your mindset.
As an entrepreneur you often need to make quick decisions. You might not always make the right one but sometimes you do and it pays off. Opportunities present themselves and if you don’t act immediately the opportunity will be lost.
You can procrastinate from time to time but in business you will likely pay a cost.
Some people procrastinate because deep down inside they really do not want to consider a particular issue whereas others procrastinate because they are hoping that someone else might address it. Their logic is usually “it just wasn’t meant to be – oh well.”
Making a decision can be done strategically if you consider the following:
– What will be the consequences?
– Do you totally understand what is being offered?
– Have you discussed this with others to get their opinion?
– How much money will it cost?
– Is there a market for the product or service?
– What will be your return on this opportunity?
– Can you do it internally or will you have to hire staff or subcontracts?
– Do you have the right connections?
– Is the opportunity coming from a reliable source?
In hindsight there are probably a lot of things you should have done that you didn’t orvice versa. Unfortunately you cannot go back but you can use the knowledge you obtained from the experience and apply it in the future.
Decision making does get a little easier as time goes on because your confidencelevel and knowledge of your business and the industry grows. Try to keep a positive attitude.
Take a look at these timemanagement tips from the Canada Business Network.
Remember, don’t procrastinate – find out all the facts and make decisions based on your quick research of the matter. This way you will be confident with your decision and you will not always wonder what could have been.
If you want to talk more about being an entrepreneur, call us and book a free consultation. We are here to help you with your business decisions. One of the goals of the Centre is to empower small and medium-sized enterprises and give you the tools to achieve success. For more information about Halton Region’s Small Business Centre resources, services, business events and seminars, contact us by dialing 311, 1-866-442-5866, online at www.haltonsmallbusiness.ca, firstname.lastname@example.org or visit us at 1151 Bronte Road, Oakville. You can also follow us on Twitter and find us on Facebook.