BRX Pro Tip: How to Make a Better Decision
Stone Payton: [00:00:00] And we are back with Business RadioX Pro Tips. Stone Payton and Lee Kantor here with you. Lee, let’s chat a little bit about how to make a better decision.
Lee Kantor: [00:00:11] Yeah. Every day you’re kind of required to make some sort of decision somewhere, and sometimes these decisions are big, sometimes they’re little. If you have a big decision at hand, I think it’s a good idea to pressure test that decision by playing out some hypothetical situations around the decisions before you decide to commit resources and time to it.
Lee Kantor: [00:00:32] I like to kind of play out from the edges of the decision, play out a best-case scenario and the worst-case scenario. Look at the choice through the lens of that optimistic super fan, you know, looking at it in the best possible way. What is the most beneficial way this is going to work out for you? And then, poke at it from a different angle. Look at it through the lens of the most pessimistic person. What is the worst-case scenario? What are all the different things that bad that could happen?
Lee Kantor: [00:00:59] When you poke at a decision from all these different angles, you’ll get to see and get a good sense of how it’s going to hold up to either one of those extremes. And when you do this, ultimately, you’re going to feel more confident that you can defend the decision and it’s a worthwhile decision to go forward with or to not go forward with.
Lee Kantor: [00:01:18] So, I would set some sort of time limit on this, because this is one of those things that if you do it, you can do it forever. But I would say, okay, I’m going to argue positively for 15 minutes. I’m going to argue negatively for 15 minutes. I’m going to just write all the good, all the bad, and then I’m going to just think about it, you know, at this point now, objectively, looking at the edges and saying, okay, is this something I want to invest time and resources in or not? And then, once you made the decision, that’s it. Move on. Either take action, don’t look backwards, just go boldly forward or not. But, you know, at the end of the day, once you make a decision, then you can use real data and assess whether you made the right decision or not.
