{"id":3151,"date":"2018-03-30T17:38:28","date_gmt":"2018-03-31T00:38:28","guid":{"rendered":"https:\/\/futuresharks.com\/?p=3151"},"modified":"2020-09-19T13:48:42","modified_gmt":"2020-09-19T20:48:42","slug":"4-tricks-for-fast-and-effective-decisions","status":"publish","type":"post","link":"https:\/\/futuresharks.com\/4-tricks-for-fast-and-effective-decisions\/","title":{"rendered":"4 Tricks for Fast and Effective Decision Making"},"content":{"rendered":"

Speed matters. In the fast-paced, ultra-competitive world, only the strong(or fast) will survive. Being, \u201cslow\u201d is a recipe for disaster – you’ll get eaten alive and your company will die. Or, perhaps worse, you’ll live in a pool of mediocrity for years. Scary. Nobody wants that, so in order to stay alive and <\/span>thrive<\/span><\/i>, you need to move fast. <\/span><\/p>\n

How do you do that? <\/span><\/p>\n

Decision Making. You need to make ’em fast <\/span>and <\/span><\/i>correctly. Otherwise, you\u2019ll be fast, but wrong (we don\u2019t want that). Here are 4 insanely helpful tricks that I use to make decisions fast and effectively – i.e. no time wasted and no backtracking. <\/span><\/p>\n

 <\/p>\n

1 – Use Mental Models<\/b><\/h2>\n

Mental models are simple and easy to remember heuristics about how things work. Each model comes from a specific domain, but fortunately, most apply across multiple domains – i.e. they are used a lot. The tricky part is figuring out which models are important and when to use them. <\/span><\/p>\n

Let’s look at a quick example. Building a startup is counterintuitive, to avoid the tricks and traps you need to use the <\/span>\u201cfirst principles\u201d<\/span><\/a> model. Most people (smart people, too) think from a basis of \u201cWhat are all the factors involved\u201d and then miss important points or replace them with less relevant ones. Crazy, right? But thinking in first principles begs the question \u201cwhat are the <\/span>most important<\/span><\/i> factors involved\u201d and then focuses on addressing these\u2026 first. Easy. <\/span><\/p>\n

 <\/p>\n

2 – Ask \u201cWhy can\u2019t this be done faster\u201d<\/b><\/p>\n

Due-dates are fickle, half-baked ideas of when the project leader <\/span>thinks<\/span><\/i> they could finish. However, in most cases, the project leader factors in everything on their to-do list, personal and professional. This is <\/span>wrong<\/span><\/i>.<\/span><\/p>\n

You fix this by being like Elon Musk.<\/span><\/p>\n

Musk is famously known for his fast-paced companies which leave the competition in the dust, and everyone else wondering \u201cHow the heck is he doing this?\u201d. Well, it turns out, it\u2019s really not<\/span>\u00a0<\/span><\/i>that hard<\/em>. Before starting a project, all you need to do is ask \u201cWhy can\u2019t this be done faster?\u201d<\/span><\/p>\n

It’s literally that simple.<\/span><\/p>\n

 <\/p>\n

3 – Reduce Cognitive Overload<\/b><\/p>\n

Most people spend lots of time thinking about their project before even starting. One of the first things that comes up is \u201cWhat will my boss think?\u201d And, being the most important person in your relationship with the company, their opinion matters. <\/span><\/p>\n

If you don’t want to wait, do one thing. <\/span>Ask for their opinion\u2026 early on.<\/span><\/i><\/p>\n

It\u2019s simple but rarely done. Identify your clear \u201cvision of success\u201d for each project then work with your boss to help clear up any questions. The rest is a piece of cake because you know exactly what you need to do and when you need to do it by. Also, you\u2019ll have them on your side because after all,\u00a0<\/span>they agreed<\/span> to it. <\/span><\/p>\n

 <\/p>\n

4 – \u201cHow fatal, non-fatal, or fixable is this?\u201d<\/b><\/p>\n

By identifying how important or \u201cfatal\u201d a decision is, you\u2019ll quickly get an idea of how hard, easy, or impossible the situation is to fix.\u00a0<\/span><\/p>\n

Let\u2019s look at some examples, if you\u2019re just starting a company, deciding on the Name of the new business is important (not easily fixed) because you\u2019ll put that <\/span>everywhere <\/span><\/i>– on social profiles, your website, marketing handouts, bank statements, tax documents, etc\u2026 and changing <\/span>all of those things<\/span><\/i> will take a lot of effort. However, if you do screw it up, it\u2019s not fatal.<\/span><\/p>\n

Now for a tough one, let\u2019s say you\u2019ve got a great name, paid those taxes, and you\u2019re selling product on shelves in Wholefoods. They have a strict 3 strike policy. You\u2019ve already made two strikes. Now you’re debate recalling 10,000 units for 1 potentially broken bottle or sending them to shelves and risking your entire Wholefoods distribution forever. This mistake is fatal, so you shouldn\u2019t risk it!<\/span><\/p>\n

 <\/p>\n

Decision Making, In Closing<\/b><\/p>\n

Moving fast isn\u2019t complicated, it\u2019s a simple recipe that anyone can follow and build into their decision-making process. The hard part is having the discipline to actually follow the steps.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Speed matters. In the fast-paced, ultra-competitive world, only the strong(or fast) will survive. Being, \u201cslow\u201d is a recipe for disaster – you’ll get eaten alive and your company will die. Or, perhaps worse, you’ll live in a pool of mediocrity for years. Scary. Nobody wants that, so in order to stay alive and thrive, you…<\/p>\n","protected":false},"author":31,"featured_media":3152,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","_uag_custom_page_level_css":"","footnotes":""},"categories":[],"tags":[],"uagb_featured_image_src":{"full":["https:\/\/futuresharks.com\/wp-content\/uploads\/2018\/03\/nathan-dumlao-547802-unsplash.jpg",5760,3840,false],"thumbnail":["https:\/\/futuresharks.com\/wp-content\/uploads\/2018\/03\/nathan-dumlao-547802-unsplash-150x150.jpg",150,150,true],"medium":["https:\/\/futuresharks.com\/wp-content\/uploads\/2018\/03\/nathan-dumlao-547802-unsplash-300x300.jpg",300,300,true],"medium_large":["https:\/\/futuresharks.com\/wp-content\/uploads\/2018\/03\/nathan-dumlao-547802-unsplash-768x512.jpg",768,512,true],"large":["https:\/\/futuresharks.com\/wp-content\/uploads\/2018\/03\/nathan-dumlao-547802-unsplash-1024x683.jpg",1024,683,true],"1536x1536":["https:\/\/futuresharks.com\/wp-content\/uploads\/2018\/03\/nathan-dumlao-547802-unsplash.jpg",1536,1024,false],"2048x2048":["https:\/\/futuresharks.com\/wp-content\/uploads\/2018\/03\/nathan-dumlao-547802-unsplash.jpg",2048,1365,false],"post-thumbnail":["https:\/\/futuresharks.com\/wp-content\/uploads\/2018\/03\/nathan-dumlao-547802-unsplash-80x75.jpg",80,75,true],"goodlife-thumbnail":["https:\/\/futuresharks.com\/wp-content\/uploads\/2018\/03\/nathan-dumlao-547802-unsplash.jpg",80,53,false],"goodlife-grid":["https:\/\/futuresharks.com\/wp-content\/uploads\/2018\/03\/nathan-dumlao-547802-unsplash.jpg",320,213,false],"goodlife-latest":["https:\/\/futuresharks.com\/wp-content\/uploads\/2018\/03\/nathan-dumlao-547802-unsplash-370x260.jpg",320,225,true],"goodlife-latestshort":["https:\/\/futuresharks.com\/wp-content\/uploads\/2018\/03\/nathan-dumlao-547802-unsplash.jpg",255,170,false],"goodlife-vertical":["https:\/\/futuresharks.com\/wp-content\/uploads\/2018\/03\/nathan-dumlao-547802-unsplash.jpg",320,213,false],"goodlife-gallery":["https:\/\/futuresharks.com\/wp-content\/uploads\/2018\/03\/nathan-dumlao-547802-unsplash-1170x550.jpg",320,150,true],"goodlife-galleryvertical":["https:\/\/futuresharks.com\/wp-content\/uploads\/2018\/03\/nathan-dumlao-547802-unsplash.jpg",320,213,false],"goodlife-poststyle1":["https:\/\/futuresharks.com\/wp-content\/uploads\/2018\/03\/nathan-dumlao-547802-unsplash.jpg",770,513,false],"goodlife-thumbnail-small":["https:\/\/futuresharks.com\/wp-content\/uploads\/2018\/03\/nathan-dumlao-547802-unsplash.jpg",40,27,false],"goodlife-thumbnail-2x":["https:\/\/futuresharks.com\/wp-content\/uploads\/2018\/03\/nathan-dumlao-547802-unsplash.jpg",160,107,false],"goodlife-thumbnail-mini":["https:\/\/futuresharks.com\/wp-content\/uploads\/2018\/03\/nathan-dumlao-547802-unsplash.jpg",20,13,false],"goodlife-grid-small":["https:\/\/futuresharks.com\/wp-content\/uploads\/2018\/03\/nathan-dumlao-547802-unsplash.jpg",160,107,false],"goodlife-grid-2x":["https:\/\/futuresharks.com\/wp-content\/uploads\/2018\/03\/nathan-dumlao-547802-unsplash.jpg",640,427,false],"goodlife-grid-mini":["https:\/\/futuresharks.com\/wp-content\/uploads\/2018\/03\/nathan-dumlao-547802-unsplash.jpg",20,13,false],"goodlife-latest-small":["https:\/\/futuresharks.com\/wp-content\/uploads\/2018\/03\/nathan-dumlao-547802-unsplash.jpg",160,107,false],"goodlife-latest-2x":["https:\/\/futuresharks.com\/wp-content\/uploads\/2018\/03\/nathan-dumlao-547802-unsplash.jpg",640,427,false],"goodlife-latest-mini":["https:\/\/futuresharks.com\/wp-content\/uploads\/2018\/03\/nathan-dumlao-547802-unsplash.jpg",20,14,false],"goodlife-latestshort-small":["https:\/\/futuresharks.com\/wp-content\/uploads\/2018\/03\/nathan-dumlao-547802-unsplash.jpg",160,107,false],"goodlife-latestshort-2x":["https:\/\/futuresharks.com\/wp-content\/uploads\/2018\/03\/nathan-dumlao-547802-unsplash.jpg",510,340,false],"goodlife-latestshort-mini":["https:\/\/futuresharks.com\/wp-content\/uploads\/2018\/03\/nathan-dumlao-547802-unsplash.jpg",15,10,false],"goodlife-vertical-small":["https:\/\/futuresharks.com\/wp-content\/uploads\/2018\/03\/nathan-dumlao-547802-unsplash.jpg",160,107,false],"goodlife-vertical-2x":["https:\/\/futuresharks.com\/wp-content\/uploads\/2018\/03\/nathan-dumlao-547802-unsplash.jpg",640,427,false],"goodlife-vertical-mini":["https:\/\/futuresharks.com\/wp-content\/uploads\/2018\/03\/nathan-dumlao-547802-unsplash.jpg",20,13,false],"goodlife-gallery-small":["https:\/\/futuresharks.com\/wp-content\/uploads\/2018\/03\/nathan-dumlao-547802-unsplash.jpg",160,107,false],"goodlife-gallery-2x":["https:\/\/futuresharks.com\/wp-content\/uploads\/2018\/03\/nathan-dumlao-547802-unsplash.jpg",450,300,false],"goodlife-gallery-mini":["https:\/\/futuresharks.com\/wp-content\/uploads\/2018\/03\/nathan-dumlao-547802-unsplash.jpg",14,9,false],"goodlife-galleryvertical-small":["https:\/\/futuresharks.com\/wp-content\/uploads\/2018\/03\/nathan-dumlao-5478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O'Dell","author_link":"https:\/\/futuresharks.com\/author\/sodell\/"},"uagb_comment_info":0,"uagb_excerpt":"Speed matters. In the fast-paced, ultra-competitive world, only the strong(or fast) will survive. Being, \u201cslow\u201d is a recipe for disaster – you’ll get eaten alive and your company will die. Or, perhaps worse, you’ll live in a pool of mediocrity for years. Scary. Nobody wants that, so in order to stay alive and thrive, you…","_links":{"self":[{"href":"https:\/\/futuresharks.com\/wp-json\/wp\/v2\/posts\/3151"}],"collection":[{"href":"https:\/\/futuresharks.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/futuresharks.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/futuresharks.com\/wp-json\/wp\/v2\/users\/31"}],"replies":[{"embeddable":true,"href":"https:\/\/futuresharks.com\/wp-json\/wp\/v2\/comments?post=3151"}],"version-history":[{"count":0,"href":"https:\/\/futuresharks.com\/wp-json\/wp\/v2\/posts\/3151\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/futuresharks.com\/wp-json\/wp\/v2\/media\/3152"}],"wp:attachment":[{"href":"https:\/\/futuresharks.com\/wp-json\/wp\/v2\/media?parent=3151"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/futuresharks.com\/wp-json\/wp\/v2\/categories?post=3151"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/futuresharks.com\/wp-json\/wp\/v2\/tags?post=3151"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}