How to make a quick decision

I wrote Successful Business Minds primarily to help business owners make better decisions because there are so many people quick to tell us how to run our business, yet many of them don’t actually align with what we want from our lives. I read a report (which I mention in the book) about how 95% of the everyday decisions we make are not aligned with our goals and this really shocked me.

It wasn’t until I considered how I make the best decisions and compared these to how I make the worst decisions before I found out how to correct this.

In Successful Business Minds I go into detail on this but essentially the familiar 4-minds concept (mind, body, heart & soul) is a really good way to help you make the best decisions (business and personal). As an accountant, I knew the financial decision method (How do you calculate if an investment is worthwhile?) but often the decisions we make are non-financial especially the personal ones.

I have written various blogs, in addition to a book on this (see Is there a lack of trust behind your fear? and How do you apply value when your budget changes) but I’m going to give you a really quick guide that I mentally carry around with me now. Simply ask:

Can I physically do it and do I have the time?

Do I have the mental capacity and are my thoughts aligned positively with this?

How do I feel about it: what does my heart say?

Am I fully trusting and embracing this? If not, why not?

I really hope these help you as they do me. I have also included an image of each question below that you can carry around with you or save as your screenshot if you find one, in particular, is a challenge.

Helen Monaghan

Chartered Management Accountant and Author of 12 Steps to Improve Your CashflowSuccessful Business Minds, and The Magical Mix of Money & Tax.

© HM Finance Coaching Ltd

 

 

Related Articles

Sort your business finances for good — 5 top tips to get you started

An introduction to changing your money mindset and creating reliable processes for keeping track of your incomings and outgoings

Do you throw yourself at every opportunity hoping at least one will generate enough cash to pay your tax or credit card bill next month? Are you tempted to sign up to work with the coach who promises to wipe out all debts in 6 weeks if you just sign up for their course costing £20,000? It’s time to take back control! Here are five top tips to get you started.