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If You Follow These 2 Rules to Make Decisions, You’re More Likely to Succeed in Life

If You Follow These 2 Rules to Make Decisions, You’re More Likely to Succeed in Life

It’s estimated that we make about 35,000 decisions every day.[1]

These decisions include: what to wear, what to eat, and what to say. In the latter case, you’re likely to have to decide thousands of times a day on what you are going to say to others. This could range from ordering your morning latte at your local café – to putting your point across persuasively in a team meeting.

Decisions… Decisions… Decisions…

They are constantly needed for us to actively partake in life. However, were you taught how to make decisions at school? Probably not. It’s likely that you were also not taught that effective decision making is an essential component of success.

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To help you out, I’m going to give you a brief tour of what skillful decision making looks like, and how you can learn to do it.

You Don’t Need to Be a Know-It-All to Make Right Decisions…

There are two little-known methods of making great decisions. These two methods have been tried and tested over the years by the vast majority of the world’s most successful people.

Can you guess what these methods are? (Please compare your answers to what you’ll read below.)

Winners in Life Make Decisions Quickly

  • Indecision leads to mental fatigue. By making quick decisions, we can maintain our mental vitality, which gives us the best chance of making the correct decisions going forward. As an example… You need to decide on how to reply to a customer complaint letter but keep putting it off. This ongoing issue is likely to negatively impact any other duties or decisions that you need to make at that time. Instead, decide how to reply to the customer – and then write the letter.
  • Quick decisions put you ahead of your competitors. Imagine for a moment that you run your own company that sells computer software. Your industry is super-competitive, and you constantly need to offer new deals and new products to stay in the game. You hear about an exciting new piece of software that is trending across social media. However, you’re not sure whether the software will be a good fit for your business. You could choose to ‘wait and see’ how the software sells for other companies, or you could decide to take the plunge and become a reseller immediately. Luckily, you picked the latter, as the software proves to be one of the most popular releases for years. You won big, because you acted quickly.
  • Perfect decisions are a myth. I know what you’re thinking… Surely, if I spend time weighing up the pros and cons of a decision, I can come to the perfect conclusion? Unfortunately not. In fact, it’s a common misconception that a perfect decision is just waiting to be found. Think of it this way, if you seek the perfect decision, you are probably going to end up making no decision – and thus taking zero action. Successful people look for the best decisions, but they also understand that perfect decisions are few and far between. For example, if you’re looking for a new job, firstly decide what area of work you would like to do. Then narrow this down to specific roles. You may end up with just one role, but usually it’s better to keep your options open by having several alternatives.

Winners in Life Stick to the Decisions They Make

  • It takes time to see whether a decision was wrong or right. Let’s say that you want to move home to a city that you’ve always enjoyed visiting. You sell your current apartment, and then immediately purchase a property situated in the heart of the new city. After your initial enthusiasm has worn off, you begin to see the negatives: the city is noisy, it’s polluted, and you don’t know anyone. At this point, you could conclude that you made a bad decision. However, if you were to give the new apartment and city more time, you may change your mind. For example, you may discover quiet, green parks for relaxing in nature. You may also start to make friends with people you meet when you’re out and about. Eventually, you may come to love your new home.
  • It’s easier to make further decisions based on your initial decision. Career decisions are at the top of most peoples ‘difficult choices’ list. You may have one idea, but your partner or family may have other ideas for you. The secret is to reach a decision promptly – and then stick to it. This has a number of benefits. Firstly, once you have made a decision, you can get on with the required steps to achieve your career goals. Secondly, when you come across any challenges to reaching your goals, you’ll be able to take the necessary decisions within the context of your initial decision. This will help you to make the right choices – and with the least amount of mental effort.

5 Surefire Ways to Help You Stick to the 2 Rules When Making Decisions

While it may take some time to break your current habits, becoming a great decision maker is easier than you may believe.

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Implement the below methods, and watch both your decision making and success begin to reach new heights.

Set your decision criteria

The most important thing when it comes to decision making is knowing exactly what you want to achieve. If you’re not absolutely clear on your objectives, then it will be tough to come to any decisions.

Imagine that you were considering taking up a new hobby but had no idea where to begin. If you leave this to chance, you’ll probably end up doing nothing. A better approach is to analyze what you are already good at and enjoy. For instance, if you love listening to music, then learning an instrument might be a great hobby for you.

Stop endless information gathering

In today’s ‘information age’, we’re led to believe that researching all the facts and figures before making a decision is a necessity. This is okay, until you find yourself becoming addicted to unearthing more and more information about something. When this happens, you become a full-time researcher, and a no-time actioner!

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Break free from this ‘analysis paralysis’ by knowing when you’ve gathered enough information to make a good decision. You can see this demonstrated in detailed reports that always include an Executive Summary. For busy CEOs, the Executive Summary gives just enough information for them to understand an issue – and to make a decision on it.

Assess the risk/reward ratio

Every time you make a decision, there is a risk that something could go wrong – but also a reward if something goes right. Let’s say that you need to decide on a whether to accept a promotion at work. The new position offers more money, but also comes with more responsibility.

To make a decision on this offer, you would need to assess whether the extra money was worth the added responsibility. To give you another example, professional investors live by their chosen risk/reward ratio. Before each investment, they decide what the potential gains are, compared to how much they could lose. Only once they are happy with this ratio do they decide to invest their money.

Decide on a backup plan

However good your decision making, there will times when things go wrong (sometimes badly!). For this reason, it’s vital to always have in place a backup plan when making major decisions. Professional athletes are an excellent example of this. At any time, their career could be prematurely ended through injury. Because of this looming threat, most professional athletes have a backup plan ready to be actioned. This could be a university degree that will allow them to quickly move into a new career, or if they want to stay within athletics, then they may have taken the necessary training to become coaches or psychotherapists (for example).

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Create decision making habits

First-rate decision makers didn’t become that way overnight. Instead, they honed their decision making over months and years. You must do the same. Start by getting into the habit of making decisions promptly, and then sticking to them. If you struggle at first, then begin with small decisions, and then move onto the bigger decisions when you have more confidence to tackle them.

Outstanding achievers have learned how to be great decision makers. Fortunately for you, the secrets to their success have now been revealed to you.

Take this knowledge – and begin immediately applying it in your life. Decide to be successful. And then let all your future decisions lead the way to the top of Achievement Mountain.

Reference

More by this author

Craig J Todd

Freelance Writer helping businesses and people to thrive.

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Last Updated on October 16, 2018

You’ll Only Live Your Best Life Once You Step Out

You’ll Only Live Your Best Life Once You Step Out

Fear is a valuable thing. It keeps people safe and encourages caution when caution is due. But Fear can also be a limiting factor because not everything you’re afraid of should really be feared.

Have you ever been faced with a situation where you were afraid of making a decision, making a change or taking a risk?

Did you end up taking that risk or making that decision? Or, did you just stay put and left things as they were? If you did, are you happy with how things have turned out?

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It’s in our nature to like feeling safe–to be in comfort and away from danger. This has always been the case since the beginning of time, when the first humans only knew how to prioritize survival. Even today, many still choose to play it safe and avoid taking risks or taking leaps of faith when it comes to their choices in life.

The Realist and the Dreamer

To put it simply, there are two kinds of people: the realists and the dreamers. The realists are the logical and cautious type of individuals who always think and weigh out the pros and cons before making any decisions–especially the big, life changing ones. Whether it was deciding on what to major in at University, what career path to take, whether or not to purchase that house or car, to go on that holiday, or to splurge on that new watch, the realist thinks long and hard before making a decision, if they even decide. Realists stick to the “what’s next?” plan for the future and may not abstractly consider different possibilities for where life can lead. This is usually because of the confidence they have already devoted to an accepted plan.

Realists have dreams too, but these are more so rooted in ambition, drive and determination. They are goals that have been enumerated for some time. Realists understand that progress requires more than ambition and drive, but also, connections. They feel that life is never worry-free because of survival, responsibility and…paying a rent or a mortgage. As a result, they tend to make safe choices and stick to their comfort of knowing what’s best for themselves.

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Now let’s look at the dreamers. The dreamers are well, dreamers. They have big lofty ambitions, are risk takers, sometimes over impulsive, but they often always challenge the norms of society and dare to think outside the box. This is not to say that they do not have plans or a path that they want to follow. But they are more likely to change the course of their journey through time, experience and by following their heart.

Dreamers derive their inspiration from within. No one else’s perspectives weigh in greatly enough to shift a dreamer’s drive. Dreamers don’t allow their fears to consume them. They may fail from time to time, but they never give up on life or love.

Embrace Fear

So which of the two do you think you are? And is one better than the other? In life, balance is always key. I’m sure you would have heard the saying: “everything in moderation”. Likewise, being a realist isn’t any better than being a dreamer. Both come with their challenges. But what I do know, is that no matter where you are in life, fear should always be seen as a way of pushing you towards becoming a better you.

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Stepping outside of your comfort zone is a type of fear that should be embraced. If you see yourself as a dreamer, then great! Chances are, stepping out of your comfort zone isn’t new to you. Whether it’s deciding to drop out of University to start your own business, moving to a new country on your own, taking that step to ask someone out on a date despite thinking they’re way out of your league, or deciding to quit your high paying job of 10 years to become a DJ. You chose to do that because you knew that you would most likely regret the ‘what ifs’ more than the mistakes (if any) of those decisions.

But if you’ve always been more of a cautious individual (nearing towards being a realist), then I hope you’ll give more thought to embracing the act of stepping out more! Of course, that doesn’t mean you have to start making hasty or bold decisions such as the ones mentioned. It just means opening your mind to the acceptance that stepping out of your comfort zone isn’t a bad thing, it’s not something to be hesitant or afraid of.

Managing Fear

In times of stress or discomfort, remember that some of the best things happen when you’re afraid or put in an uncomfortable situation. These experiences can both challenge you and help you grow. Commit to giving the situation a try with your best effort, and keep expectations low to reduce additional pressure. Living outside of one’s comfort zone is by definition uncomfortable. Therefore, the best habit you can foster within yourself is the practice of becoming familiar with discomfort.

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You may be at a crossroad in life and feeling undecided about something, or you may feel like you’re not happy with where you’re at right now. It could be a job that you’re not happy with, a relationship you’re not happy in, or even just knowing that you’re too comfortable with where you’re at that you don’t feel challenged. All of this uncertainty can be traced back to your intentions. What is it that you want? What is it that you’re looking for?

So, What Are You Looking For?

If you feel like you’re stuck in a rut or know that you need some sort of change, but you’re just not sure how to take that step towards the change, why not subscribe to our newsletter? Our daily inspiration will help you embark on a journey, and will allow you to find that light at the end of the tunnel you’re searching for.

At Lifehack, we’re dedicated to helping you find the ideal solutions to your problems, and with over 15 years of experience in coaching, we have condensed our knowledge and practices into a highly effective transformational model that you can use to not only help you out of your rut, but to also help you find new and bigger meaning to your life.

Stepping out of your comfort zone isn’t always the easiest, but we’re here to make it easier for you to realize your true potential. The time to act is now!

Featured photo credit: Maher El Aridi via unsplash.com

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