![]() ![]() That may mean that you get some of them wrong. You may sometimes need to make decisions more quickly than feels comfortable. They have to make business decisions-and then stay on top of the information so that they can make necessary adjustments quickly. You probably remember the old children’s rhyme: “Jack be nimble, Jack be quick, Jack jump over the candlestick.” If Jack wasn’t nimble and quick, he’d burn his britches! That’s true for businesses today. It may be time to change the way you approach important decisions. Going over the data endlessly, however, doesn’t solve the problem. Bad decisions can ruin your company, and nobody takes that kind of decision lightly. I understand why businesses sometimes freeze when it’s time to “pull the trigger” on plans they’ve made. Is it Time to Transform Your Decision-making Process? And as important as those things are, those things (by themselves) don’t generate income. But they never got around to doing anything. As an executive business coach and advisor, I’ve seen plenty of examples of companies that spent far too much time “fine-tuning” their vision, their mission statement, or their strategic plans. ![]() The best information and the best plans are of no use unless you put them into action. There comes a time, however, when you have to act on the information you have. Business plans built on whims or vague assumptions are destined to fail. Evaluating your vision, creating a solid strategy, hiring the right people, and calculating your cash flow all depend on having good data. No company can scale up without collecting vital information. Is indecision keeping you from scaling up? Scaling Up Requires Data What happens when you have so much information that it feels impossible to sort it all out? You may have fallen into the “Analysis Paralysis” trap. When you’re scaling up your business you have to take a lot of information into account before making big decisions. It’s Impossible to Scale Up Your Business if You’re Information Paralyzed Is Indecision Keeping You from Scaling Up? Home » Avoiding the Analysis Paralysis Trap When Scaling Your Business Febru9:10 am Published by Chuck Kocher Avoiding the Analysis Paralysis Trap When Scaling Your Business ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |