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How to Constantly Make Right Decisions When Life Is Full of Uncertainties

How to Constantly Make Right Decisions When Life Is Full of Uncertainties

Have you ever gone through a situation so bad that you sat down for a moment and wondered if you have thought this through because then you wouldn’t be stuck in this mess? You probably have because half the hardships that we meet in our life are created by ridiculous decisions we make, which are a reflection of our productivity. From what and where to eat, to what career to pursue, every little aspect of your life depends on smart decisions and clever calculations. Read on to find out why.

Always Calculate the Cost And Benefit Before Making Decisions

Cost benefit calculation is one of the smartest ways through which leading business experts and brands strategically determine and foresee the future of a business move. Sure, all of us do try and think things through before diving right in to the conclusion of a business decision, but the bigger the impact, the bigger the risk. To reduce the risk and to reassure yourself of a successful venture, you need to do a cost benefit calculation. It should be very much a part of everyday life. Before making any substantial decision, analyze the costs and benefits.[1]

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Cost Benefit Analysis Helps You to Plan for the Future

The easiest way to execute a correct calculation and the right way to do it is by calculating the foreseeable cost as well as the expected quantifiable positive cash flow over a set period of time. This may sound a tad bit complicated but it is not. It’s as simple as planning all factors of a budget thoroughly so that you don’t have to face higher risks. Basically, cost benefit analysis reduces the risk.

It lets you lay a stronger foundation for your decision. It also helps you to foresee the changes that are going to occur to your plan and the mobilization of peripheral factors. It’s the smart way of making a decision. It’s a reflection of your productivity.

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The biggest challenge is the process itself. It’s not that easy after all. It requires quite bit of groundwork. You need to understand the environment that your decision is going to disrupt. A thorough analysis is much needed. You need to understand the trends and nature of the market.

Predict Potential Risks and Plan for Them

In its simplest form, cost benefit calculation is a basic analysis, of how much of any resources are you investing and what you are getting in return. You draw a parallel between the inputs and outputs.

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For instance, one could calculate how much one student studies for an exam and how high he will score on the paper. The result should be positively related, as in the more he studied, the better he must have scored. Or else, some peripheral element must have impacted the entire scenario.

In a larger context, you should ask yourself how much money you are investing into a business and what your profit will be. This needs to be analyzed long before the plan is implemented. In other words, the plan should be formed on the foundation of this calculation.

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One needs to be on their toes while calculating these means as even the slightest factor could bring about transformative impact. Being updated, clear and focused can help you tremendously. Being absolutely aware of your plan and its impacts is necessary.

It makes the decision making process simpler and clearer. Cost benefit calculation can be applied to both smaller and larger decisions. It also aids you to be accurate in your planning and execution process. Try using this tool for a successful life!

Reference

[1]Investopedia: Cost-Benefit Analysis

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Abhay Jeet Mishra

Writer at Lifehack & Enterested.com

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Last Updated on December 17, 2018

Read this and stop feeling overwhelmed…for good!

Read this and stop feeling overwhelmed…for good!

We live in a time of productivity overload.

Everywhere you turn are articles and books about how to be more productive, how to squeeze 27 hours of work out of every 24, how to double your work pace, how to do more and more all in the name of someday getting out of the rat race. Well this is about the side effects of those ideas. If we aren’t multitasking, we feel lazy. If we aren’t doing everything, we feel like we’re slacking. We compare ourselves to others who we think are doing more, having more, getting more and achieving more, and it’s driving us crazy. We feel overwhelmed when we think we have too much to do, too much is expected of us, or that a stressor is too much for us to handle. And we respond by lashing out with emotions of anger, irritability, anxiety, doubt and helplessness.

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This season especially is the most stressful time of year. Between the holidays, final exams, family gatherings and general feelings of guilt that it’s the end of the year, it’s easy to get overwhelmed thinking of all the things you still need to get done. But if you use these tips, not only will you get the important stuff done, you’ll keep your sanity while doing it!

    Is this you?

    Change your thought pattern-stop thinking negatively

    When you feel overwhelmed, the first thing you do is start thinking negatively or begin to resent why it’s your responsibility in the first place! The first thing you have to do is to stop! Stop thinking negatively immediately. Instead, focus on the positive. If you’re stuck in traffic, think of how great it is to have some time to yourself. If you’re rushing trying to get things done by a deadline, think how lucky you are to have a purpose and to be working towards it. If you’re stressing about a final exam, think of how fortunate you are to be given the opportunity of higher education. After you’ve changed your thought patterns, you must then say to yourself “I can do this.” Keep saying it until you believe it and you’re more than halfway to ending feeling overwhelmed.

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    Take a deep breath/change your body posture

    When you’re stressed certain things happen to your body. You start to breath shallowly, you hunch over, you immediately tense up and all that tension drives your feelings of stress even more. Relax! Straighten your posture and take at least ten deep, cleansing, breaths. Force yourself to smile and do something to change your state. It could be as simple as giving yourself a hug or as silly as clapping your hands three times, throwing them up in the air and shouting “I GOT THIS!” Think to yourself, how would I sit/stand if I had perfect confidence and control of the situation?

    Focus on right now

    Now that you are in a better state of mind and are no longer thinking negatively, you need to focus on the here and now. Ask yourself this question: What is the most important thing I have control of and can act on right now? Keep asking yourself this until you have a concrete next step.

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    Take Action

    Now that you know what’s most important and what to do about it, do it! Start with the first step and focus on getting that done. Don’t worry about anything else right now, just on what your first step is and how to get it done. Once that’s done with, determine the next most important step and get that done.

    Let go of what you can’t control (the gambler’s theory)

    Seasoned gamblers understand the importance of due diligence and knowing when to let go. The Gambler’s Theory is that once your bet is placed there is nothing you can do, so you might as well relax and enjoy the process. The time to worry is when you’re figuring out the best odds and making the decision of what to bet when you can actually take action. I used this one a lot in college. After an exam, there is absolutely no point in stressing about it. There’s nothing you can do. And the same goes for feeling overwhelmed. If you can do something about your situation, do it, focus and take action. But if you’ve done what you could and now are just waiting, or if you’re worried about something you have no control over, realize that there’s no point. You might as well relax and enjoy the moment.

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    yoga-422196_1280
      Relax and enjoy the moment

      Stop feeling guilty

      Finally, stop comparing yourself to others. If you are at your wits end trying to keep up with what you think you should be doing, you aren’t being fair to yourself. This isn’t to say that you shouldn’t strive for improvement, just don’t go overboard because you feel like you have to. Only you know what’s really important to you, and your personal success journey so focus on what your top priorities are, not someone else’s.

      Everyone feels overwhelmed sometimes. The important thing is to realize it’s normal and that you can do something about it by taking focused and deliberate action. Happy Holidays!

      Featured photo credit: Stress Therapy via flickr.com

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