The greatest entrepreneurs owe their success to 1 skill:
Decision making.
Here’s how to make decisions like a billionaire:
Decision making.
Here’s how to make decisions like a billionaire:
1) Focus on systems.
Using systems that are built specifically for decision making will force you to consider all factors of a decision.
The best decision making systems are:
-Swot analysis
-Eisenhower matrix
-Recognition primed model
Using systems that are built specifically for decision making will force you to consider all factors of a decision.
The best decision making systems are:
-Swot analysis
-Eisenhower matrix
-Recognition primed model
2) Learn the fundamentals.
Most people focus on specific tactics that will change over time.
Instead, you need to learn the basics of:
-Psychology
-Human behavior
-Sociology
These core principles are at the base of every decision & allow you to understand humans & the world.
Most people focus on specific tactics that will change over time.
Instead, you need to learn the basics of:
-Psychology
-Human behavior
-Sociology
These core principles are at the base of every decision & allow you to understand humans & the world.
3) Use a checklist.
Taking time to write down all of the factors related to a decision will help eliminate any biases & emotion.
When you have a checklist written, make sure you’re avoiding any of these biases:
-Confirmation bias
-Hindsight bias
-Anchoring bias
Taking time to write down all of the factors related to a decision will help eliminate any biases & emotion.
When you have a checklist written, make sure you’re avoiding any of these biases:
-Confirmation bias
-Hindsight bias
-Anchoring bias
4) Keep track.
Everytime you’re faced with a decision, make note of the choice you make & the outcome.
This allows you to learn from your past decisions & pay attention to any patterns that occur.
If there’s a common decision that always has a positive outcome, keep making it.
Everytime you’re faced with a decision, make note of the choice you make & the outcome.
This allows you to learn from your past decisions & pay attention to any patterns that occur.
If there’s a common decision that always has a positive outcome, keep making it.
5) Pay attention to the compound effect.
When faced with a decision, most people focus on the immediate outcomes.
Ex. If I don’t go to the gym for 1 day, it won’t matter.
When faced with a decision, most people focus on the immediate outcomes.
Ex. If I don’t go to the gym for 1 day, it won’t matter.
This 1 decision has a compound effect, leading to:
-A bad sleep
-Being tired the next day
-Poor work performance
When considering the compound effects of each decision, you’ll be able to gauge which option is better.
-A bad sleep
-Being tired the next day
-Poor work performance
When considering the compound effects of each decision, you’ll be able to gauge which option is better.
How to make decisions like a billionaire:
-Focus on systems
-Learn the fundamentals
-Use a checklist
-Keep track
-Pay attention to the compound effect
-Focus on systems
-Learn the fundamentals
-Use a checklist
-Keep track
-Pay attention to the compound effect
How do you make good decisions?
Thanks for reading.
RT the first tweet to help someone make better decisions
Follow me @MrPassive_ for more.
RT the first tweet to help someone make better decisions
Follow me @MrPassive_ for more.
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