We featured an article in one of our newsletters in January which spoke to indecision.
It can be a dangerous thing, particularly in our world of wealth management, where timely decisions are crucial. Procrastination can lead to missed opportunities and setbacks. This hesitation often stems from fear, immobilizing us to the point where no decision is made at all.
Luckily, we have leaders and role models in our present and past who can help us learn how to anchor our decisions using a clear set of core values.
Take Warren Buffett, one of the world’s most renowned investors. He emphasizes the importance of integrity and long-term thinking. These values guide his investment choices, enabling him to quickly dismiss options that don’t align with his principles. Similarly, former CEO of Starbucks, Howard Schultz, prioritizes employee welfare and customer service, ensuring decisions are made with these values at the forefront. By having a strong value system, leaders like Buffett and Schultz streamline their decision-making process, narrowing down choices rapidly.
High achievers are also known for their proactive approach, and understand that overthinking can lead to stagnation, and in a fast-changing world, waiting can be costly. Think of Jeff Bezos, founder of Amazon, who embodies this principle – he believes in the power of taking action and making decisions quickly, even with incomplete information. Bezos advocates for a “bias for action” within Amazon, encouraging employees to make decisions and learn from their outcomes.
Embracing imperfection is another hallmark of successful leaders. Failure is often a stepping stone to success, and many leaders accept that mistakes are part of the process. Elon Musk, CEO of Tesla and SpaceX, is a prime example – Musk has faced numerous setbacks and failures, but views them as opportunities for growth and learning. His focus on progress rather than perfection allows him to make bold decisions without being paralyzed by the fear of negative outcomes. Imagine how far we’d go if we stopped being afraid?
The world’s most successful leaders consult trusted advisors. They seek input from a select group of experts who bring valuable insights and expertise. Steve Jobs, co-founder of Apple, was known for surrounding himself with talented individuals whose opinions he valued. He often sought their advice on key decisions, ensuring no critical factors were overlooked. By relying on trusted advisors, leaders like Jobs make informed decisions quickly and effectively.
It’s proven that adopting these principles not only improves decision-making but also enhances overall success and resilience in the face of challenges. But we have to admit that we like the collaborative approach the most. Steve Jobs surrounded himself with a support system, people who were equally committed to making his visions come to life.
We can be that support system for you.
Isn’t it time we talked?
