It can be a challenge to admit when something isn’t working, particularly when it’s something that we’ve put our blood, sweat and tears into.
We’re going to start this piece off with a rather uncomfortable truth: sooner or later, you’re going to fail. It doesn’t matter who you are or what you do.
The latest advancements in neuroplasticity and neuro-leadership have shown us that it is possible to shift our cognitive capacity to make better decisions both in and out of the office.
If only you could go back and do things differently. But you can’t. Instead, try to re-frame your thinking to take a more positive approach. Here’s how.
Being a good decision maker doesn’t mean choosing quickly, claim a pair of authors; it means forcing yourself to slow down and fully consider your options.
Handy rules of thumb can help you make even the most complex decisions more manageable.
Whether you’re making decisions about how much stock to order, what extra promotional activity should be undertaken or if you can afford to pay an employee more money, reporting plays a vital role in understanding the impact any choice has on your bottom line and cashflow.
Too many people focus on a problem rather than focusing on the end result. This is where a business intelligence solution comes in – by having the right information easily accessible businesses can make informed and innovative decisions.
Business is all about decisions. And the speed at which you can make them effectively has a direct impact on the growth and stability of your business.
2012 is shaping up as a difficult year for many businesses, but the decisions you make now could determine how successful the next 12 months are. Here’s the four factors thriving businesses have in common, which Sid Edwards says any SMB can put into practice.