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This 1 Leadership Flaw is Seriously Hurting Your Business. Here's How to Overcome It

Jade Yourth
Industry Insights
long line of cars in traffic

One stalled car on the freeway causes hours of stand-still traffic. Don't be that driver.

In the beginning, it was easy to make decisions. The company was small, agile, and could easily adapt to whatever curve ball came your way. If you made a mistake or chose the wrong outcome, it wasn't the be-all, end-all. You learned, adjusted, and moved forward.

Now there's a lot more on the line. The company has grown into an established global enterprise. You're responsible for supporting hundreds of employees and their families. You have to answer to shareholders. You're under constant pressure to keep expanding, profiting, and innovating. The stakes are considerably higher.

Leaders make decisions all day long. From hiring to firing, strategy to operations, it never stops. It may seem like the more money you have the easier it becomes, but it's often the exact opposite. The stress is undeniable.

Have simple decisions become time-consuming events? Are there spreadsheets weighing pros and cons? Have you sought second and third opinions, yet you still can't figure out which internet provider to go with?

If you've answered yes, than you're suffering from indecision. And it could be seriously hurting your business.

One stalled car on the freeway causes hours of stand-still traffic, so don't let indecision prevent your company from reaching its full potential. These five strategies will help you get over second-guessing yourself once and for all:

1. Chill.

Step back, breathe, and ask yourself whether you're making a mountain out of a mole hill. Sure, one wrong decision could have a domino effect, but definitely not every decision. What's more worrisome is not making a decision at all.

The next time you find yourself hemming and hawing, question whether this is going to matter six months from now. I love this question, because it immediately puts things into perspective and redirects my focus on what's really important.

2. Go with your gut.

This is hardly a new concept. You've heard this advice many times before, but no matter what situation, it always rings true. You've earned this position, so don't forget the credentials and experience you bring to the table. If something doesn't feel right, it's probably because it's not.

3. Create a system.

Typically the only bad decisions are uneducated ones. That's why having a process in place that ensures you cover your bases will help guide you to that final yes or no.

Determine your goal. Do you research. Ask for second opinions. Weigh the consequences. After you've performed all these thoroughly and honestly, it's time to make the call.

4. Set a deadline.

You could spend years contemplating whether you should open a new location or acquire a competitor. However, no one has time for that. Instead of creating opportunities, you'll be missing them. Mark your calendar for when a final decision needs to be made, and stick to it.

5. Let it go.

We all know what it's like to stare at the ceiling at night, wondering if you've made the right call. Do everything you can to avoid this. You'll only be aggravating your case of indecision to flare up in the future.

If you've followed these strategies, then there should be no reason for you to continue to second guess. Let it go.

 

Founder and chief executive, Creative Niche