While optimism often pays, adopting a negative mindset can work wonders. Consider these decision making techniques:
Draft an anti-action plan. To determine what you should do, ask what you shouldn’t do. List all the mistakes you want to avoid. Example: If you’re preparing to open a new office, ask yourself, “How can I really screw up this expansion?” This helps you anticipate problems.
Embrace doubt. You’re fairly sure of a pending decision, so you convince yourself by finding reasons to support your hunch. Instead, take the opposite approach: Ponder all the ways your judgments might be wrong. Then make sure your biases won’t lead you astray.
Identify wild cards. Know what you can and cannot control. Evaluate each uncontrollable variable as a potential threat. If you absolutely can’t avoid bad outcomes, make sure you can live with them.
Prepare for worst case. In weighing whether to take a risk, you lick your chops when thinking of what’s to gain. Instead, imagine the worst-case scenario. Can you afford it? How could you mitigate the damage? You may not enjoy doomsday thinking, but it can keep doomsday from coming.
Like what you've read? ...Republish it and share great business tips!
Attention: Readers, Publishers, Editors, Bloggers, Media, Webmasters and more...
We believe great content should be read and passed around. After all, knowledge IS power. And good business can become great with the right information at their fingertips. If you'd like to share any of the insightful articles on BusinessManagementDaily.com, you may republish or syndicate it without charge.
The only thing we ask is that you keep the article exactly as it was written and formatted. You also need to include an attribution statement and link to the article.
" This information is proudly provided by Business Management Daily.com: http://www.businessmanagementdaily.com/7946/test-your-assumptions "