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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 August 16, 2018

16 Productivity Secrets of Highly Successful People Revealed

16 Productivity Secrets of Highly Successful People Revealed

The same old motivational secrets don’t really motivate you after you’ve read them for the tenth time, do they?

How about a unique spin on things?

These 16 productivity secrets of successful people will make you reevaluate your approach to your home, work, and creative lives. Learn from these highly successful people, turn these little things they do into your daily habits and you’ll get closer to success.

1. Empty your mind.

It sounds counterproductive, doesn’t it?

Emptying your mind when you have so much to remember seems like you’re just begging to forget something. Instead, this gives you a clean slate so you’re not still thinking about last week’s tasks.

Clear your mind and then start thinking only about what you need to do immediately, and then today. Tasks that need to be accomplished later in the week can wait.

Here’s a guide to help you empty your mind and think sharper:

How to Declutter Your Mind to Sharpen Your Brain and Fall Asleep Faster

2. Keep certain days clear.

Some companies are scheduling “No Meeting Wednesdays,” which means, funnily enough, that no one can hold a meeting on a Wednesday. This gives workers a full day to work on their own tasks, without getting sidetracked by other duties or pointless meetings.

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This can work in your personal life too, for example if you need to restrict Facebook access or limit phone calls.

3. Prioritize your work.

Don’t think every task is created equal! Some tasks aren’t as important as others, or might take less time.

Try to sort your tasks every day and see what can be done quickly and efficiently. Get these out of the way so you have more free time and brain power to focus on what is more important.

Lifehack’s CEO has a unique way to prioritize works, take a look at it here:

How to Prioritize Right in 10 Minutes and Work 10X Faster

4. Chop up your time.

Many successful business leaders chop their time up into fifteen-minute intervals. This means they work on tasks for a quarter of an hour at a time, or schedule meetings for only fifteen minutes. It makes each hour seem four times as long, which leads to more productivity!

5. Have a thinking position.

Truman Capote claimed he couldn’t think unless he was laying down. Proust did this as well, while Stravinsky would stand on his head!

What works for others may not work for you. Try to find a spot and position that is perfect for you to brainstorm or come up with ideas.

6. Pick three to five things you must do that day.

To Do lists can get overwhelming very quickly. Instead of making a never-ending list of everything you can think of that needs to be done, make daily lists that include just three to five things.

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Make sure they’re things that need to be done that day, so you don’t keep putting them off.

7. Don’t try to do too much.

OK, so I just told you to work every day, and now I’m telling you to not do too much? It might sound like conflicting advice, but not doing too much means not biting off more than you can chew. Don’t say yes to every work project or social engagement and find yourself in way over your head.

8. Have a daily action plan.

Don’t limit yourself to a to-do list! Take ten minutes every morning to map out a daily action plan. It’s a place to not only write what needs to be done that day, but also to prioritize what will bring the biggest reward, what will take the longest, and what goals will be accomplished.

Leave room for a “brain dump,” where you can scribble down anything else that’s on your mind.

9. Do your most dreaded project first.

Getting your most dreaded task over with first means you’ll have the rest of the day free for anything and everything else. This also means that you won’t be constantly putting off the worst of your projects, making it even harder to start on it later.

10. Follow the “Two-Minute Rule.”

The “Two-Minute Rule” was made famous by David Allen. It’s simple – if a new task comes in and it can be done in two minutes or less, do it right then. Putting it off just adds to your to-do list and will make the task seem more monumental later.

11. Have a place devoted to work.

If you work in an office, it’s no problem to say that your cubicle desk is where you work every day.

But if you work from home, make sure you have a certain area specifically for work. You don’t want files spread out all over the dinner table, and you don’t want to feel like you’re not working just because you’re relaxing on the couch.

Agatha Christie never wrote at her desk, she wrote wherever she could sit down. Ernest Hemingway wrote standing up. Thomas Wolfe, at 6’6″ tall, used the top of his refrigerator as a desk. Richard Wright wrote on a park bench, rain or shine.

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Have a space where, when you go there, you know you’re going to work. Maybe it’s a cafe downstairs, the library, or a meeting room. Whenever and wherever works for you, do your works there.

12. Find your golden hour.

You don’t have to stick to a “typical” 9–5 schedule!

Novelist Anne Rice slept during the day and wrote at night to avoid distractions. Writer Jerzy Kosinski slept eight hours a day, but never all at once. He’d wake in the morning, work, sleep four hours in the afternoon, then work more that evening.

Your golden hour is the time when you’re at your peak. You’re alert, ready to be productive, and intent on crossing things off your to-do list.

Once you find your best time, protect it with all your might. Make sure you’re always free to do your best uninterrupted work at this time.

13. Pretend you’re on an airplane.

It might not be possible to lock everyone out of your office to get some peace and quiet, but you can eliminate some distractions.

By pretending you’re on an airplane, you can act like your internet access is limited, you’re not able to get something from your bookcase, and you can’t make countless phone calls.

Eliminating these distractions will help you focus on your most important tasks and get them done without interruption.

14. Never stop.

Writers Anthony Trollope and Henry James started writing their next books as soon as they finished their current work in progress.

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Stephen King writes every day of the year, and holds himself accountable for 2,000 words a day! Mark Twain wrote every day, and then read his day’s work aloud to his family to get their feedback.

There’s something to be said about working nonstop, and putting out continuous work instead of taking a break. It’s just a momentum that will push you go further./

15. Be in tune with your body.

Your mind and body will get tired of a task after ninety minutes to two hours focused on it. Keep this in mind as you assign projects to yourself throughout the day, and take breaks to ensure that you won’t get burned out.

16. Try different methods.

Vladimir Nabokov wrote the first drafts of his novels on index cards. This made it easy to rearrange sentences, paragraphs, and chapters by shuffling the cards around.

It does sound easier, and more fun, than copying and pasting in Word! Once Nabokov liked the arrangement, his wife typed them into a single manuscript.

Same for you, don’t give up and think that it’s impossible for you to be productive when one method fails. Try different methods until you find what works perfectly for you.

Featured photo credit: Unsplash via unsplash.com

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